50 Million XRP Worth $124 Million Moved From Ripple Co-Founder’s Wallet
Ripple co-founder Chris Larsen's wallet transfer of 50 million XRP, valued at $124 million, sparks significant attention in the XRP community due to its size and anonymity.
XRP
Summary
Whale Alert reported a transaction of 50 million XRP, worth approximately $124 million, from Ripple co-founder Chris Larsen’s wallet to an unidentified address. The large-scale movement of tokens has drawn attention in the XRP ecosystem, given its significant size and involvement of a prominent industry figure.
Terms & Concepts
- XRP: A digital asset and cryptocurrency used primarily on the Ripple network for fast and cost-efficient cross-border payments.
- Whale Alert: A blockchain monitoring service that tracks and reports large cryptocurrency transactions in real time.
- Wallet Address: A unique alphanumeric identifier used to send and receive cryptocurrency on a blockchain network.