Ripple Co-Founder’s Big XRP Transfer Sparks New Warnings

XRP investors are worried again after Ripple Labs co-founder, Chris Larsen, moved 50 million XRP tokens to crypto exchanges. The move has triggered warnings from market analysts. Experts are advising holders to protect themselves from becoming “exit liquidity.” This term refers to a situation where large players sell at high prices, leaving smaller investors to bear the losses. Analysts Say Larger XRP Sell-Off May Be Underway A. Maartunn, a contributor to CryptoQuant, was among the first to raise concerns. In a recent X post , he noted that despite losing over $100 million worth of XRP, Larsen still holds a large amount of the token. The industry leader currently owns about 2.58 billion XRP, valued at around $8.83 billion. Maartunn warned that the recent 50 million XRP sale could be just a small part of what might come next. The alert came shortly after XRP reached a price of $3.60 on July 17, marking a near all-time high. XRP recently became one of the best-performing coins during the market’s rebound. However, the excitement did not last long after analysts spotted large withdrawals from a wallet linked to Larsen. As of now, XRP is trading at $3.18, down 1.06% in the past 24 hours, according to CoinMarketCap data. This represents a 13% drop from its recent high , causing small investors to become more worried, especially those who bought in with the expectation that the price would continue to rise. Ripple Sale Comes Amid Broader Market Turmoil The timing of Larsen’s transaction coincided with market uncertainty, exacerbating investor fear. At the same time, XRP prices were reacting to the sale, and Bitcoin (BTC) was also experiencing sharp downside pressure. An early Bitcoin investor, known as a “Satoshi-era whale,” has sold 80,000 BTC after holding it for 14 years. The sale, managed by Galaxy Digital, temporarily pushed Bitcoin’s price down to around $114,500 before it bounced back to $118,356. This sudden price swing affected the whole crypto market. In just 24 hours, over $500 million was lost in forced trades, according to CoinGlass. These losses primarily affected traders who had leveraged funds to trade and were forced to close their positions when prices moved too quickly. Mixed Reaction from the Community The cryptocurrency community has held differing opinions about Larsen’s move. Some people argue that it is normal for long-term holders to take profits, especially when prices rise. Others believe the sale was planned to capitalize on the recent price surge, potentially harming smaller investors who purchased during the excitement. Some traders also warned about the risks of copying large wallets without careful consideration. They said these moves can shake the market and leave small investors at risk. The post Ripple Co-Founder’s Big XRP Transfer Sparks New Warnings appeared first on TheCoinrise.com .

Source: The Coin Rise