Ripple Co-founder, $26 Million Worth Of XRP Exchange Deposit…Sell Signal?

It has been confirmed that Ripple co-founder Chris Larsen recently deposited XRP worth 26 million dollars into Coinbase, raising concerns in the market about the possibility of selling.

On July 15th local time, DL News reported that an account, presumed to be Larson's wallet address, had transferred a large amount of XRP to major exchanges. This address has recorded transferring about 106 million XRP (about 344 million dollars) externally dozens of times since the beginning of this year.

This deposit was made at a sensitive time when XRP is on the verge of renewing its all-time high, leading to speculation among some investors that Larsen might be realizing profits. According to DL News, Larsen currently holds about 2.6 billion XRP (worth about 8.3 billion dollars).

Larsen's XRP holdings and transactions have previously had a significant impact on the market, so this movement also requires investors' attention.