CandleFocus

Ripple Cofounder's Alleged 30 Million XRP Coinbase Move Worries XRP Community

Summary: Chris Larsen, co-founder of Ripple, recently transferred 50 million XRP tokens from a dormant wallet. The funds were initially sent to Binance, leading to speculation that they were for Ripple's ODL service. However, subsequent transfers to Coinbase, Bittrex, and Coinbase again have raised questions about Larsen's intentions. The XRP community is concerned and uncertain whether Larsen plans to sell the tokens or if they will be used for ODL settlement. Larsen has not yet provided any clarification or comments on the matter.

Related News