Chris Larsen, chairman of Ripple, has recently transferred a series of XRP tokens, which have attracted widespread attention in the market. According to the latest news, Larsen has transferred some XRP from the addresses he holds, and these tokens seem to be flowing in the direction of centralized cryptocurrency exchanges, suggesting possible sales.
Specifically, Larsen first transferred the tokens in a wallet containing 20 million XRP to another address in four batches of 5 million each. Then, these tokens were transferred again in less than 24 hours, of which 5 million XRP went directly to Binance, and the remaining 15 million XRP were sent to an address associated with Bittrex.
It is worth noting that this is not the first time Larsen has transferred XRP on a large scale. Previously, he had transferred 50 million XRP from his account to an unknown wallet, further exacerbating the market's speculation about the movement of his funds. And this transfer of 20 million XRP has directly directed the focus to cryptocurrency exchanges.
Although some market participants speculated that the transfer of these tokens may be related to the hacker attack, The Crypto Basic pointed out that this speculation is not true. The reason is that there is a clear connection between the address that received these tokens and Larsen's main address, and Ripple has not issued any alarm since the token transfer, which indicates that Larsen himself is aware of these operations.
In addition, Larsen's XRP transfer this time also has special historical significance. This is the first time he has transferred XRP from his founding address since the activation of the Ripple network in 2013. At that time, he received 500 million XRP allocated to him as a founder and has held it to this day. After this transfer, there are still about 450 million XRP left in the address, but the market generally expects that the remaining tokens may also flow to exchanges in the future.
Ripple Chairman Larsen's XRP token transfer operation not only attracted widespread attention from the market, but also revealed the complexity and uncertainty of capital flow in the cryptocurrency market. As these tokens flow further, the market will pay close attention to their impact on Ripple prices and the entire cryptocurrency market.
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