Ripple Co-founder Chris Larsen Liquidates $120M Worth of XRP, Signaling Continued Profit Taking

Crypto analyst Maartunn revealed that Ripple co-founder Chris Larsen recently sold 50 million XRP, worth roughly $120 million, within a single hour this week. This sale marks another instance of Larsen profiting from the recent price surge of the cryptocurrency, aligning with his recurring pattern of selling near price peaks. The transaction coincided with a noticeable decrease in Larsen’s XRP holdings on record, as evidenced by on-chain data shared by CryptoQuant.