On-chain Crypto Sleith ZachxBT warned the Crypto community to the fact that the XRP addresses active by Chris Larsen still have a $ 7.18 billion XRP.
Zachxbt just posted in your personal Wire check groupCausing its followers to the fact that Ripple (XRP) still exceeds 2.7 billion XRPs active by Ripple’s co-founder Chris Larsen, priced at around $ 7.18 billion. According to Zachxbt, many of these addresses are inactive for 6-7 years.
Zachxbt’s reminder comes on the recent heels of the announcement by President Donald Trump that XRP, Bitcoin (BTC), Ethereum (Ethreum (Eth), Solana (SOL), and Cardano (ADA), will be included in a new American strategic Crypto Reserve.
Zachxbt also reported that these addresses had exceeded the XRP of more than $ 109 million in Crypto exchanges including Coinbase, Bitstamp, and Bybit in January. However, whether the transferred XRP was actually sold, is unknown. Zachxbt also said that Larsen was hacked earlier last year, resulting in a loss of about $ 112 million.
This is not the first time Chris Larsen’s wallet activity increases concerns over potential XRP dumping. In September 2020, Larsen moved about 500 million XRP (at that time a value of about $ 115 million) to an unknown wallet. Larsen Said The transfer was aimed at increasing the safety of its holdings to the detention provider Nydig. However, some community members estimated that such a custodial system could facilitate the prudent sale of XRP, although no concrete evidence has confirmed these claims.
