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Benzinga
Benzinga
Business
Aniket Verma

XRP Falls Nearly 2.5% As Ripple Co-Founder Transfers $150 Million Worth Of Coins From Wallet — Analyst Says, 'He's Dumping On You'

Ripple XRP Chris Larsen Crypto CryptoQuant
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A wallet tied to Ripple co-founder and executive chairman Chris Larsen transferred out hundreds of millions worth of XRP (CRYPTO: XRP) over the last week.

What happened: Around 50 million XRP tokens have been moved from the address since July 17, totaling $155 million at current prices, according to on-chain analytics firm CryptoQuant.

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