{"id":94157,"date":"2024-09-21T14:12:45","date_gmt":"2024-09-21T18:12:45","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=94157"},"modified":"2024-09-21T14:17:39","modified_gmt":"2024-09-21T18:17:39","slug":"ripple-chairman-chris-larsen-moves-20m-xrp","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/ripple-chairman-chris-larsen-moves-20m-xrp\/","title":{"rendered":"Ripple Chairman Chris Larsen Moves 20M XRP After 50M Shuffle"},"content":{"rendered":"\n

Ripple Chairman Chris Larsen<\/a> transferred 20 million XRP from a previous token shuffle of 50 million.<\/p>\n\n\n\n

\"Ripple<\/figure>\n\n\n\n

Ripple Chairman Chris Larsen recently transferred 20 million XRP from a prior shuffle of 50 million tokens. <\/p>\n\n\n\n

Speculation points to Binance as the likely recipient based on the history of past transactions linked to the address, though confirmation is still pending.<\/p>\n\n\n\n

XRP Whales Stir with Larsen\u2019s Large Transfers<\/h2>\n\n\n\n

On September 16, one of Larsen\u2019s wallets made a significant transfer of 50 million XRP\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>\u2014the first major movement since the wallet's creation in 2013. <\/p>\n\n\n\n

This transaction activated a new address with 11 XRP before sending the 50 million tokens, part of which was recently transferred to another wallet.<\/p>\n\n\n\n

Whales Make Waves: 40M XRP Moved Within an Hour<\/h2>\n\n\n\n

In a series of transactions on September 20, the address rao\u2026gzS<\/em> transferred 20 million XRP in four batches, each comprising 5 million tokens, to an unknown wallet, rHo\u2026Spm<\/em>, between 18:25 and 18:30 UTC. <\/p>\n\n\n\n

Despite these movements, rao\u2026gzS<\/em> retains 30 million XRP from the initial 50 million received. <\/p>\n\n\n\n

The destination wallet rHo\u2026Spm<\/em> currently holds the 20 million XRP, but its transaction history indicates it may soon be sold on the market.<\/p>\n\n\n\n

Recently, U.S. Vice President Kamala Harris announced crypto-related discussions<\/a> to engage with cryptocurrency advocates. <\/p>\n\n\n\n

Ripple\u2019s Executive Chairman Chris Larsen, alongside notable business figures like Anthony Scaramucci, voiced support for these efforts, with Scaramucci noting this as a positive step for the industry.<\/p>\n\n\n\n

XRP Hack Concerns Amid Binance Transfers<\/h2>\n\n\n\n

The address in question is known for receiving large amounts of XRP, holding it temporarily, and then transferring it to Binance. <\/p>\n\n\n\n

This has led many to suspect that Larsen\u2019s recent 20 million XRP transfer could be destined for Binance.<\/p>\n\n\n\n

Others have speculated that these transfers might be linked to a potential hack. In February, a similar transfer from another of Larsen\u2019s wallets led to 212 million XRP being stolen by hackers. <\/p>\n\n\n\n

However, rumors of a new hack seem doubtful, as the first transaction took place nearly five days ago, and Larsen has not reported any security breach.<\/p>\n\n\n\n

Meanwhile, tokenization of Real World Assets (RWA) is gaining momentum as major industry players shift their focus to this emerging trend. <\/p>\n\n\n\n

During the Breakpoint 2024 conclave, SkyBridge Capital founder Anthony Scaramucci emphasized that tokenization would play a significant role in transaction verification, with Solana playing a pivotal part in the future of tokenized assets.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ripple Chairman Chris Larsen transferred 20 million XRP from a previous token shuffle of 50 million. Ripple Chairman Chris Larsen recently transferred 20 million XRP from a prior shuffle of 50 million tokens. Speculation points to Binance as the likely recipient based on the history of past transactions linked to the address, though confirmation is […]<\/p>\n","protected":false},"author":56,"featured_media":94162,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[8517,20141,146],"class_list":["post-94157","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-chris-larsen","tag-ripple-xrp","tag-xrp"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/09\/Ripple-Chairman-Chris-Larsen-Moves-20M-XRP-After-50M-Shuffle.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/94157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=94157"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/94157\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/94162"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=94157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=94157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=94157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}