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Did Ripple Founder Chris Larsen Just Move 60 Million XRP? Traders Track Large Bitcoin (BTC) and XRP Transfers

December 31, 2019

Cryptocurrency whale watchers are tracking the movement of millions of dollars worth of XRP.

On Monday morning, a wallet activated by Ripple founder and former CEO Chris Larsen received 60,000,000 XRP from a wallet of unknown origin.

About five minutes later, the wallet attributed to Larsen sent 56,994,820 XRP to a separate, unknown wallet.

? 60,000,000 #XRP (11,652,075 USD) transferred from unknown wallet to Funding Wallet 1

Tx: https://t.co/euzlNeSPSI

— Whale Alert (@whale_alert) December 30, 2019

? 56,994,820 #XRP (10,996,821 USD) transferred from Funding Wallet 1 to unknown wallet

Tx: https://t.co/uWFn4RqxSs

— Whale Alert (@whale_alert) December 30, 2019

Although the exact reason for the transfers is unknown, users on the XRP-based forum XRPChat have in the past speculated that Larsen is the sole owner of the wallet.

Meanwhile, Bitcoin whales appear to be awakening from a late December slumber.

In the last 24 hours, some of the biggest Bitcoin holders in existence moved 10,350 BTC worth about $74.9 million.

Three of the transfers involved crypto moving from unknown wallets to crypto exchanges, where they could potentially be sold on the open market.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.