Chris Larsen's large XRP transfer becomes a market highlight

Ripple co-founder Chris Larsen recently executed a major transfer that has attracted attention in the cryptocurrency market. According to multiple sources, Larsen moved a total of $26 million worth of XRP to Coinbase. This move is seen as a clue to the intentions of large holders within the industry and has garnered interest from market participants.

Revealed Pattern of Gradual Transfers

Blockchain analysis indicates that this large transfer by Chris Larsen was not executed all at once but was divided into four transactions. Each transaction involved the transfer of 2 million XRP, suggesting a planned and phased adjustment of positions.

Further investigation shows that on Thursday, XRP worth over $40 million was transferred to an unknown address, indicating increased activity of large XRP movements across the market during this period.

Current XRP Market Trends

According to the latest data from the cryptocurrency market, XRP has previously hit a historical high of $3.65 and remains a notable asset within the industry. Meanwhile, at the time of writing, XRP is trading around $1.90, and attention is focused on the market context behind the position adjustments by large holders.

Asset movements by key industry figures like Chris Larsen are considered important signals of changing market sentiment and are viewed as significant indicators for predicting future XRP price trends.