Did Ripple Founder Chris Larsen Just Move 60 Million XRP? Traders Track Large Bitcoin (BTC) and XRP Transfers

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Cryptocurrency whale watchers are tracking the movement of millions of dollars worth of XRP.

On Monday morning, a wallet activated by Ripple founder and former CEO Chris Larsen received 60,000,000 XRP from a wallet of unknown origin.

About five minutes later, the wallet attributed to Larsen sent 56,994,820 XRP to a separate, unknown wallet.

🚨 60,000,000 #XRP (11,652,075 USD) transferred from unknown wallet to Funding Wallet 1

Tx: https://t.co/euzlNeSPSI

— Whale Alert (@whale_alert) December 30, 2019

🚨 56,994,820 #XRP (10,996,821 USD) transferred from Funding Wallet 1 to unknown wallet

Tx: https://t.co/uWFn4RqxSs

— Whale Alert (@whale_alert) December 30, 2019

Although the exact reason for the transfers is unknown, users on the XRP-based forum XRPChat have in the past speculated that Larsen is the sole owner of the wallet.

Meanwhile, Bitcoin whales appear to be awakening from a late December slumber.

In the last 24 hours, some of the biggest Bitcoin holders in existence moved 10,350 BTC worth about $74.9 million.

Three of the transfers involved crypto moving from unknown wallets to crypto exchanges, where they could potentially be sold on the open market.

• 693 BTC (5,009,890 USD) transferred from OKEx to Binance
• 693 BTC (5,070,646 USD) transferred from OKEx to unknown wallet
• 800 BTC (5,755,603 USD) transferred from unknown wallet to Bitstamp
• 1,001 BTC (7,226,967 USD) transferred from OKEx to unknown wallet
• 975 BTC (7,104,254 USD) transferred from Coinbase to unknown wallet
• 2,002 BTC (14,584,340 USD) transferred from OKEx to unknown wallet
• 988 BTC (7,194,244 USD) transferred from unknown wallet to Bitstamp
• 923 BTC (6,789,075 USD) transferred from Coinbase to unknown wallet
• 1,275 BTC (9,348,647 USD) transferred from unknown wallet to OKEx
• 1,000 BTC (7,396,436 USD) transferred from Coinbase to unknown wallet

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