Chris Larsen, the co-founder of Ripple, made his first XRP transfer in 11 years. This led to a positive sentiment within the crypto community, which resulted in a more than 4% increase in the price of XRP in the last 24 hours. Larsen’s linked wallet sent 50 million XRP to a new address which is equivalent to $29 million.This is a major move, the first time he has moved from the wallet since its creation in 2013. Whale Alert identified the transaction on September 17, which raised eyebrows among the <a href="https://cryptotale.org/xrp-eyes-major-breakout-as-price-approaches-key-resistance/" rel="noopener noreferrer nofollow">XRP community</a>. This transfer to an unknown wallet has raised many questions within the market.New Wallet Raises SpeculationThe new wallet, which now contains the 50 million XRP, was activated by another address linked to Larsen. Market participants and analysts are paying close attention to its movements and trying to predict the effects of this transfer on the market.The legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC) is slowly coming to an end. This was due to a recent court ruling that <a href="https://cryptotale.org/xrp-lawsuit-ripple-requests-stay-on-order-sec-approves/" rel="noopener noreferrer nofollow">stated</a> that XRP is not a security, which helped bolster the market’s confidence.<a href="https://cryptotale.org/larsens-first-xrp-transfer-in-11-years-fuels-speculation/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Larsen's First XRP Transfer in 11 Years Fuels Speculation

CryptoTale

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