Chris Larsen's XRP Wallet: $9B Sell-Off Looms?

Ripple co-founder Chris Larsen's XRP moves spark concerns. Is a massive sell-off coming, and what does it mean for XRP investors?

Chris Larsen's XRP Wallet: $9B Sell-Off Looms?

Ripple co-founder Chris Larsen's recent XRP transactions have set the crypto world buzzing. With a massive stash of XRP still in his wallet, the question on everyone's mind is: Will he sell, and what will it mean for the market?

The $200M Sell-Off: A Warm-Up?

Recently, Larsen offloaded over 100 million XRP, worth around $200 million, during a price dip. This move stirred the pot, with some seeing it as routine profit-taking, while others worried about the impact on XRP's price. Analysts pointed out that such large-scale selling during market pullbacks can worsen the situation.

The $9B Question

Here's the kicker: Larsen still holds a staggering 2.58 billion XRP, valued at approximately $8.83 billion (or $7.9 billion, depending on when you check!). CryptoQuant's J.A. Maartunn warned XRP holders not to "get dumped on," highlighting the potential for increased sell-side pressure if Larsen decides to unload more of his holdings. It's like having a sword of Damocles hanging over the XRP market.

Exit Liquidity Concerns

The big fear? Investors becoming