Ripple’s Chris Larsen Transfers 50M XRP After 11 Years of Inactivity
Ripple executive chairman Chris Larsen has moved 50 million XRP for the first time in 11 years, reigniting speculation in the crypto community. This significant transfer, valued at over $29 million, has led to predictions of XRP reaching $0.75.
Details of the Transfer
On September 17, Whale Alert reported that Larsen’s wallet transferred 50 million XRP to a new, unknown wallet. This movement is notable as it is the first major activity from his wallet, which had been inactive since its creation in 2013. The new wallet now holds these 50 million XRP.
Speculations and Market Impact
Speculation has arisen that the transfer might be linked to donations to Democratic presidential candidate Kamala Harris, with Larsen among 88 executives endorsing her. However, Ripple CEO Brad Garlinghouse emphasizes that Ripple remains bipartisan, focusing on blockchain and crypto technology rather than political affiliations.
XRP’s price surged over 4% in the last 24 hours, currently trading at $0.586, with a 24-hour low of $0.565 and a high of $0.590. Trading volume increased by 11%, reflecting growing trader interest.
Crypto analysts, including CredibleCrypto, are optimistic about XRP reaching $0.75, especially as Ripple's legal challenges with the SEC near resolution. Pro-XRP lawyer Bill Morgan also supports this positive outlook.
Follow, follow for updates, trends and price analysis. thanks.
want to get good gains then buy these and enjoy. dyor
#Write2Earn! #NeiroOnBinance #BinanceLaunchpoolCATI #DOGSONBINANCE #BinanceTurns7
