Ripple’s Chris Larsen XRP Move to Coinbase Fuels Market Speculation: Details

Key Points

1. Ripple co-founder Chris Larsen transferred approximately $26 million worth of XRP to Coinbase, though it's unclear if the tokens were sold.

2. The transaction has generated significant market speculation, especially given Larsen's high-profile status in the crypto community.

3. XRP's price is currently close to its historic high of $3.40, with futures open interest reaching $9.98 billion, the highest since 2021.

4. On-chain data shows large holders have accumulated over 2.2 billion XRP in the past two weeks, indicating strong investor interest.

5. The market is anticipating the potential launch of a ProShares XRP Futures ETF, which could further impact XRP's price and adoption.