Ripple Chairman Chris Larsen has moved 50 million XRP from his wallet to a new unidentified address, marking the first notable outbound transfer since the wallet was created in 2013. On-chain data suggests that the transfer was authorized by Larsen himself, dispelling concerns of a hack. The purpose of the transaction remains unknown, but there is speculation that the funds could be used to support Kamala Harris' presidential campaign. Larsen was one of 88 business executives who publicly supported Harris, making him the second top crypto executive to endorse her.



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