Ripple Chairman Chris Larsen Moves 20 Million XRP to Unknown Wallet Amid Price Surge

Ripple Chairman Chris Larsen transferred 20 million XRP to an unidentified wallet. The transaction, valued at approximately $60.54 million, was recorded by Whale Alert at 1:04 UTC, coinciding with XRP reaching a significant price milestone of $3.027.

Key Details of the Transfer

• Transaction Value: $60.54 million
• XRP Price at Time: $3.027
• Market Impact: Ripple's move comes amid a surge in XRP's market activity, reflecting growing interest in the cryptocurrency.

Community Speculation

The mysterious transfer has ignited discussions within the XRP community. While some speculate that the transaction could be related to institutional partnerships or strategic reserves, others view it as a routine move by Ripple’s leadership.

XRP Market Overview

• Current Price (XRP/USDT Perp): $3.0811
• Daily Change: -5.78%

As XRP continues to draw attention, this transfer highlights the cryptocurrency's ongoing prominence in the digital asset space. The community eagerly awaits further clarification on the intent behind this significant transaction.