According to Foresight News, blockchain detective ZachXBT revealed that since July 17, an address long associated with Ripple co-founder Chris Larsen has transferred 50 million XRP. The wallet appears to have transferred approximately $140 million worth of tokens to three addresses related to trading platforms, while another 10 million XRP were deposited into two newly created wallets. The address controlled by Chris Larsen still holds around 2.81 billion XRP, valued at approximately $9 billion. Previously, the SEC had accused Ripple's CEO Brad Garlinghouse of personally cashing out $150 million worth of XRP over three years when it sued Ripple in 2020. Additionally, Larsen and his spouse sold tokens worth $450 million between 2017 and 2020.
Ripple's co-founder associated address transferred about $140 million in XRP to the trading platform in the past 7 days
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