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
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