Ripple's Larsen Might Be Just Starting After $200 Million XRP Selling Spree, Analyst Says
Main Idea
Ripple co-founder Chris Larsen may continue selling XRP after a recent $200 million sale, with potential implications for the token's market performance.
Key Points
1. Chris Larsen has sold 107 million XRP since November, valued at $200 million, and may continue selling.
2. Larsen and co-founder Jed McCaleb each received 9 billion XRP in 2012, with Larsen still holding around 2 billion tokens.
3. XRP's price dropped roughly 20% from its recent peak, possibly influenced by Larsen's sales.
4. The sales occurred after XRP's rally, with the token reaching an all-time high on July 18.
5. Larsen's net worth is estimated at $11.4 billion, with his XRP holdings valued at $7.9 billion.
Description
Will Ripple co-founder Chris Larsen pull a Jed McCaleb by selling off the rest of his holdings?
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