A wallet belonging to Ripple Chairman Chris Larsen moves 50 million XRP to a new unidentified address.

Interestingly, the recent transaction marked the first notable outbound transfer from the wallet for the first time since its creation. Notably, this wallet was created in the early days of the XRPL and funded with a whopping 500 million XRP in February 2013, representing part of the XRP allocations to the Ripple Chairman.

Since then, the wallet has failed to move any of the tokens, only transferring out 1 XRP in December 2017. However, most recently, whale tracking resource Whale Alert indexed the latest substantial outflow from the address last night.

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