Marina Lyubimova
● According to Onchain School, Chris Larsen—co-founder of Ripple Labs—recently moved 50 million XRP (about $120 million) out of wallets tied to him. CryptoQuant's on-chain data shows this was one of the biggest withdrawals from his addresses all year, and authorities have already launched an investigation to figure out what's behind the transfer.
● Large token moves by company founders naturally raise eyebrows, especially when Ripple is still dealing with regulatory headaches in the U.S. Some worry this could signal insider moves or liquidity shuffling, which might spook investors and add more volatility to XRP's price.
● While the XRP Ledger keeps running normally, Ripple's reputation could take a hit. Traders are now watching Larsen's wallets closely for any follow-up activity. Some experts think clearer disclosure from Ripple's leadership could calm nerves and help people tell the difference between routine transactions and actual sell-offs.
● This comes at an awkward time for Ripple. The company's been pushing hard into Asia and the Middle East while fighting for regulatory clarity after years of battling the SEC. Any drama around top executives could overshadow the progress they've made with institutions and product adoption.
Marina Lyubimova
