Recently, the cryptocurrency community has once again focused on Ripple, as the wallet activities of its co-founder Chris Larsen have attracted widespread attention in the market. According to blockchain analysis experts, since July 17, the wallets controlled by Larsen have begun to transfer XRP tokens on a large scale.

This series of transactions involves a total of 50 million XRP, worth approximately $161 million. Of this, most of the funds flowed to exchange-related addresses, with about $140 million of XRP transferred to three different exchange-related addresses. In addition, 10 million XRP were transferred to two newly created wallets, which currently have no transaction records.

Specifically, 30 million XRP flowed into two addresses commonly used to transfer assets to exchanges, while another 10 million XRP was sent to a third address. The remaining 10 million XRP was evenly distributed to two new addresses, with each address receiving 5 million.

The large transfers by early core team members of Ripple have always been the focus of market attention. This is mainly due to the highly centralized supply of XRP, and any large-scale movement of funds could have a significant impact on the market.

It is worth mentioning that when the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple in 2020, it disclosed that Ripple CEO Brad Garlinghouse had cashed out over $150 million worth of XRP in three years. During the same period, Chris Larsen and his spouse cashed out approximately $450 million.

According to on-chain data analysis, despite this large-scale transfer, Chris Larsen still holds approximately 2.81 billion XRP. This quantity indicates that, despite the significant outflow, Larsen still maintains a huge influence over XRP.

This large-scale fund transfer has once again sparked discussions in the market regarding the future direction of XRP. Analysts believe that while such transfers do not necessarily indicate an immediate sell-off, they do increase market uncertainty. Investors and market participants are closely monitoring the subsequent movements of these funds and the potential impact on the price of XRP.

With the continuous development of the cryptocurrency market, large-scale capital transfers like this are increasingly gaining attention. It not only reflects the sensitivity of the market but also highlights the transparency of blockchain technology, allowing us to track important capital flows in real time. In the future, similar trends may continue to be one of the important factors influencing the direction of the cryptocurrency market.