{"id":137679,"date":"2024-09-22T14:00:30","date_gmt":"2024-09-22T11:00:30","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137679"},"modified":"2024-09-22T01:48:02","modified_gmt":"2024-09-21T22:48:02","slug":"ripple-co-founder-transfers-20-million-xrp-whats-behind-the-move","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ripple-co-founder-transfers-20-million-xrp-whats-behind-the-move\/","title":{"rendered":"Ripple Co-Founder Transfers 20 Million XRP: What\u2019s Behind the Move?"},"content":{"rendered":"<p>Speculation suggests that this transfer may be headed to Binance, based on the transaction history of the recipient address, although this remains unverified.<\/p>\n<p>On September 16, Larsen <strong><a href=\"https:\/\/x.com\/whale_alert\/status\/1835820265550270582?ref_src=twsrc%5Etfw\" target=\"_blank\">executed<\/a> <\/strong>a significant transaction, transferring 50 million <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/xrp\/\">XRP<\/a> <\/strong>from one of his wallets\u2014the first major transfer since the wallet&#8217;s creation in 2013. This transfer involved a new address, initially holding just 11 XRP, which then received the 50 million tokens. A portion of these tokens has since been moved to another wallet.<\/p>\n<p>In a separate set of transactions on September 20, the address rao\u2026gzS sent 20 million XRP in four batches of 5 million each to an unknown wallet, rHo\u2026Spm, between 18:25 and 18:30 UTC. After these transactions, rao\u2026gzS still retains 30 million XRP from the original 50 million it received, while the receiving wallet currently holds the 20 million XRP, hinting that it may soon be sold on the market.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/donald-trump-calls-fed-rate-cut-a-political-move-criticizes-powells-timing\/\" title=\"Donald Trump Calls Fed Rate Cut a &#8220;Political Move,&#8221; Criticizes Powell&#8217;s Timing\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/trump-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Donald Trump Calls Fed Rate Cut a &#8220;Political Move,&#8221; Criticizes Powell&#8217;s Timing<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Additionally, Vice President Kamala Harris has scheduled discussions focused on cryptocurrency, garnering support from notable figures in the industry, including Chris Larsen and Anthony Scaramucci, who view these efforts as a step forward for the crypto sector.<\/p>\n<p>There are concerns about the recent XRP transfers potentially relating to a hack, reminiscent of a February incident where 212 million XRP was stolen from another of Larsen&#8217;s wallets. While some speculate about a new hack due to recent token movements, these claims are regarded with skepticism since the first transaction occurred nearly five days ago, and Larsen has not reported any security breach.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple Chairman Chris Larsen has recently moved 20 million XRP as part of a larger shuffle involving 50 million tokens.<\/p>\n","protected":false},"author":3,"featured_media":26198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22,24],"tags":[],"class_list":["post-137679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ripple Co-Founder Transfers 20 Million 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