Whale $XRP Moves 431 Million Coins in One Day, Sparking Fears of a Market Selloff
Ripple co-founder Chris Larsen has sold 20 million XRP, adding to speculation in the market.
The price of $XRP remains below $0.60, with investors trying to break this resistance level.
Ripple's native token, XRP, has been in the spotlight again as whales have made large transactions, moving nearly 430 million coins in just one day. The sudden surge has sparked fears of a market selloff, especially after Ripple co-founder Chris Larsen recently sold a large amount of XRP.
With the price still struggling below $0.60, many are wondering what this means for the future of XRP.
According to data from Whale Alert, a popular tracking service, 431.08 million XRP coins were transferred between exchanges and unknown wallets within 24 hours.
