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BREAKING: Ripple’s Chris Larsen Just Dropped an ASTOUNDING $200 MILLION in XRP—Is He Cashing Out?

In a jaw-dropping turn of events that’s shaking up the crypto world, Ripple’s big cheese, Chris Larsen, has blitzed through a staggering $200 million worth of his personal XRP stash since July 17! ⚡️ According to sleuthing by on-chain investigator ZachXBT, this financial bombshell sees Larsen transferring out 50 million XRP—a titanic move that’s got everyone buzzing.

XRP’s Wild Ride: From $3.66 to a Nail-Biting Low!

Just as Larsen made his colossal transfers, XRP was on a rollercoaster ride, slumping from a peak of $3.66 to a nerve-wracking low near $2.95. The crypto community is in a frenzy, and critics are asking the burning question: Is Larsen using YOU as exit liquidity? 🚨 Analyst JA Maartun didn’t hold back, warning followers to "Think twice" about what’s unfolding.

The Shocking Changes in Larsen’s XRP Fortune!

Blockchain watchers at Lookonchain confirmed the madness, revealing that despite this massive sell-off, wallets tied to Larsen still control a mind-blowing 2.81 billion XRP—that’s $8.4 billion left in the tank! Talk about power moves!

The Inside Scoop on Ripple’s Founding Fortunes!

Let’s dig into the gritty details of how Ripple’s wealth got divided when the XRP Ledger debuted in 2012. Out of the 100 billion tokens minted, a whopping 80 billion went to Ripple, while the founders pocketed the remaining 20 billion. Larsen himself snatched up 9 billion XRP—and now he’s cashing out!

Ripple’s CEO, Brad Garlinghouse, missed out on the “founder’s reward” but was granted 750 million XRP over time. Hold onto your seats, because in March, Fox Business pegged Garlinghouse’s fortune at around an eye-popping $10 billion!

XRP Holds Steady—But for How Long?

As of press time, XRP is trading at $3.11, hovering above crucial support levels. Will it bounce back, or are we witnessing the start of a new era in crypto chaos? The financial world is watching as Ripple’s moves and Larsen’s monumental sales unfold!

Stay tuned, folks—this drama is just getting started! 🤑🔥