Still Buying? Ripple's Larsen Dumps $200 Million Worth of XRP, Analyst Says
Main Idea
Ripple co-founder Chris Larsen has sold $200 million worth of XRP tokens over the past 10 days, raising concerns among analysts about buyers becoming 'exit liquidity.'
Key Points
1. CryptoQuant analyst J.A. Maartun warns that XRP buyers are acting as 'exit liquidity' for Larsen's sales.
2. Chris Larsen has sold $200 million worth of XRP in the last 10 days.
3. Larsen's total net worth is $10.8 billion, making him the 264th richest person.
4. Larsen holds roughly 2.8 billion XRP tokens, initially receiving 9.5 billion tokens in 2012.
5. XRP recently experienced its worst daily drop since April, briefly falling below the $3 level.
Description
CryptoQuant analyst J.A. Maartun says that XRP buyers are "exit liquidity" for Ripple co-founder Chris Larsen
$XRP
$3.1361
+0.98%
Latest News
- XRP Hits New 3 Million Peak: Price Close to Losing $32025-07-26 00:14:14
- Bitcoin Crucial For Every American, Senator Lummis Shares Bold Bitcoin Statement2025-07-25 21:15:13
- New XRP Margin Pair Available on Major US Exchange2025-07-25 20:37:44
- Justin Sun's Tron Inc. Bags Nasdaq Listing: Details2025-07-25 20:37:07
- Ripple's Larsen Might Be Just Starting After $200 Million XRP Selling Spree, Analyst Says2025-07-25 19:01:54