Ripple co-founder’s wallet sends 26 million USD in XRP to Coinbase as token nears all-time high

Chris Larsen’s wallet moved 9.5 million XRP worth over 26 million USD to Coinbase just before XRP’s price rose significantly. This increase represented a 10% gain, reflecting the token’s rise in value.

The transaction comes after a long period of inactivity and raises concerns about possible market selling by the wallet’s owner, particularly given previous hacks affecting Larsen’s accounts.