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TheCryptoBasic @thecryptobasic on x 73.4K followers
Created: 2025-07-24 15:53:54 UTC
According to blockchain investigator ZachXBT, wallets linked to Larsen have transferred XX million XRP, worth approximately $XXX million, since July XX. The tokens were split among four addresses. Around $XXX million in XRP has been sent to centralized exchanges or related platforms, fueling speculation of retail dumping.
Two of the largest recipients received a combined XX million XRP, while another address received XX million. Additionally, two brand-new addresses each received X million XRP.
For context, the period during which Larsen’s wallets moved these XRP tokens coincided with a major price rally. Notably, on July 17, when these transactions began, XRP hit $XXXXXX for the first time in seven years. By the following day, XRP touched $XXXX.
Just a week earlier, the coin had traded at $XXXX. The significant gains from this surge may have influenced Larsen’s decision to move XRP. Now, the token is battling renewed selling pressure
XXXXX engagements
Related Topics exchanges coins wallets blockchain