🔥 Ripple's founder caught "taking profits" of 764 million dollars, $XRP faces selling pressure
Quick news ⚡️
* Event: Ripple co-founder, Chris Larsen, has realized profits of over 764 million USD from selling $XRP since 2018.
* Details: A CryptoQuant analyst, J. A. Maartunn, noted that Larsen has a "habit of selling near local peaks," raising concerns about the price recovery potential of $XRP.
* Context: Despite a recent transfer of 50 million $XRP (confirmed as an investment), Larsen is said to still hold around 9 billion USD $XRP, posing continuous selling pressure in the future.
Scanner's perspective:
This is negative information, indicating that selling pressure from within the project itself still exists and could hinder the growth momentum of $XRP. Although the article mentions some positive technical indicators, the "dumping" of funds from large wallets always presents a risk factor. The market may react to this news in the short term.
Related cashtags:
$XRP
$BTC
Quick news ⚡️
* Event: Ripple co-founder, Chris Larsen, has realized profits of over 764 million USD from selling $XRP since 2018.
* Details: A CryptoQuant analyst, J. A. Maartunn, noted that Larsen has a "habit of selling near local peaks," raising concerns about the price recovery potential of $XRP.
* Context: Despite a recent transfer of 50 million $XRP (confirmed as an investment), Larsen is said to still hold around 9 billion USD $XRP, posing continuous selling pressure in the future.
Scanner's perspective:
This is negative information, indicating that selling pressure from within the project itself still exists and could hinder the growth momentum of $XRP. Although the article mentions some positive technical indicators, the "dumping" of funds from large wallets always presents a risk factor. The market may react to this news in the short term.
Related cashtags:
$XRP
$BTC