XRP Trades Near Support After Ripple Co-Founder’s $120M Token Sale

The evidence strongly and consistently supports the statement that a co-founder of Ripple sold at least $120 million worth of XRP. Multiple sources confirm the co-founder status of individuals like Jed McCaleb and Chris Larsen. Specifically, there is direct evidence of sales exceeding the stated amount. One source with high relevance reports that co-founder Chris Larsen sent approximately $140 million in XRP to an exchange for the purpose of selling. Another source reports Larsen sold $175 million in XRP. Both of these figures are greater than the $120 million mentioned in the claim, making the statement factually correct as a minimum threshold. Furthermore, a high-authority blog post from Ripple itself confirms that co-founder Jed McCaleb completed the sale of his entire 9 billion XRP holdings. While this source doesn't specify a single transaction value, the total value of these sales is in the billions of dollars, far surpassing the $120 million figure. There is no conflicting evidence presented. The collective weight of the evidence from official company communications, court documents, and crypto-focused news sites makes the statement highly credible.