Ripple co-founder Chris Larsen transferred 50 million XRP valued at $175 million to four digital addresses, with $140 million subsequently moved to cryptocurrency exchanges just before XRP reached its historic high of $3.65.
This transaction occurred during XRP’s extraordinary price surge, which saw gains of nearly 50% within a single month. Market analysts attribute this volatility to evolving U.S. regulatory landscapes and Ripple’s active policy discussions with financial authorities.
Concurrently, Ripple CEO Brad Garlinghouse issued public warnings about sophisticated scams targeting investors. Fraudulent actors compromised verified YouTube channels to promote fake XRP giveaways, heightening security concerns amid the cryptocurrency’s rapid valuation shifts.
The unresolved SEC lawsuit against Ripple, initiated in 2020, remains pivotal to XRP’s market trajectory. Industry observers emphasize that regulatory clarity and the case’s outcome will substantially impact institutional adoption and overall ecosystem stability.