Ripple Founder Chris Larsen Moves Millions More XRP to Coinbase With All-Time High in Sight

Key Points

1. Chris Larsen moved $26 million in XRP to Coinbase in multiple transactions, including four batches of 2 million XRP each (worth over $6.5 million at the time).

2. XRP was trading at $3.35, just 2% below its 2018 all-time high of $3.40, and has surged 34% recently.

3. Larsen previously transferred 10 million XRP (worth $24.2 million at the time) to Coinbase in January, though it's unclear if he sold the tokens.

4. XRP's total open interest reached a record high of over $10 billion, with leveraged positions exceeding $8.8 billion.

5. Market sentiment suggests an 85% chance XRP could reach a new all-time high of $3.50 rather than dropping to $2.00.