Crypto-tracking skin on the chain has just warned the crypto community of the fact that XRP addresses activated by Chris Larsen still have $ 7.18 billion in XRP.
Just in his personal Telegram Investigations GroupWarning his followers on the fact that Ripple (XRP) addresses activated by RIPPLE co-founder Chris Larsen still contains more than 2.7 billion XRPs, worth around $ 7.18 billion. According to Zachxbt, several of these addresses are 6-7 years old.
The memory of Zachxbt comes on the heels of the recent announcement of President Donald Trump that XRP, together with Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Cardano (ADA), would be included in a new American strategic crypto reserve.
Zachxbt also pointed out that these addresses have moved more than $ 109 million in XRP to Crypto exchanges, including Coinbase, Bitstamp and Bybit, in January. However, whether the moving XRP was actually sold is unknown. Zachxbt also noted that Larsen was hacked early last year, which resulted in a loss of around $ 112 million.
This is not the first time that Chris Larsen’s wallet activity is concerned about potential XRP dumping. In September 2020, Larsen spent around 500 million XRP (at the time around $ 115 million worth an unknown wallet. Larsen said That this transfer was Nydig with the aim of strengthening the safety of his companies. However, some members of the community have speculated that such a custodial regulation could facilitate the discrete sale of XRP, although no concrete evidence has substantiated these claims.
