Ripple Co-Founder’s $120M XRP Sale Sparks Uncertainty in the XRP Market

Chris Larsen, co-founder of Ripple, recently sold a significant amount of XRP, sparking debate and volatility within the XRP market. While some see it as a sign of disciplined asset management, others view the timing as potentially bearish for the cryptocurrency. 50 million XRP were transferred in one swift transaction, worth approximately $120 million, during a time when XRP has been struggling through October’s historically challenging month for the token. This has left traders divided between panic and opportunity.