Chris Larsen, co-founder of Ripple, has moved more than $100 million worth of XRP to exchanges this month alone, according to blockchain investigator ZachXBT.
In a Jan. 30 post on X, ZachXBT reported that wallets linked to Larsen transferred over $109 million in XRP to Coinbase, Bitstamp, and Bybit this month.
Meanwhile, this transaction took place as XRP price saw almost 50% in January, reaching over $3, which is the second time in seven years.
CryptoSlate found that the first transaction took place on Jan. 6, when 10 million XRP was sent to Coinbase. On the 16th, he moved 20 million XRP to someone unknown, and then on January 22, he sent 10 million XRP back to one of his own wallets. Yesterday, he transferred 5 million XRP to two different addresses.
Altogether, he moved 50 million XRP this month, worth about $155 million at the current price of $3.10. But despite these transactions, his wallet still contains around 400 million XRP, which comes to roughly $1.24 billion.
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