As a seasoned crypto investor with over a decade of experience under my belt, I’ve seen it all – from market booms to crashes, and everything in between. The recent transfers of XRP by Ripple Chairman Chris Larsen have once again stirred up the crypto world, reminding us all that whales can indeed make waves.
In a transaction, Ripple Chairman Chris Larsen has transferred 20 million XRP from a previous shuffle of 50 million tokens.
Based on past transaction patterns, it’s plausible that the funds may end up with Binance. However, this hasn’t been officially verified yet.
XRP Whales Make Waves With Larsen Massive Transfers
On September 16th, one of Larsen’s wallets made the first significant transfer of 50 million XRP since its inception in 2013. This transaction filled a new address with 11 XRP before transferring the 50 million tokens, some of which were recently sent to another wallet.
As a researcher delving into cryptocurrency transactions, I recently observed an intriguing series of events involving XRP on September 20th. The address labeled ‘rao…gzS’ made four separate transfers, each consisting of 5 million XRP tokens, to an unidentified wallet ‘rHo…Spm’. These transactions occurred within the span of just one hour, between 18:25 and 18:30 UTC. This sudden stirring of whale-sized XRP movements caught my attention, sparking curiosity about potential market implications.
Rao…gzS continues to keep a portion of 30 million XRP from an original allocation of 50 million, which he had previously received. At present, the wallet identified as rHo…Spm contains approximately 20 million XRP. However, its transaction history indicates that it might be liquidated and released into the market at short notice.
Lately, Vice President Kamala Harris has arranged meetings concerning cryptocurrencies to converse with supporters of digital money. Notable American business leaders like Chris Larsen, Executive Chairman of Ripple, are among those backing her initiatives. Additionally, Anthony Scaramucci has expressed approval, stating that such actions represent a positive stride for the sector.
XRP Hack Fears Resurface Amidst Binance Transfers
Additionally, it’s known for accumulating substantial amounts of XRP from multiple accounts, storing them temporarily, and subsequently moving them towards Binance. As a result, many individuals speculate that the recently transferred 20 million XRP from Chris Larsen might have been routed to Binance.
It has been suggested by others that these transactions might be connected to a potential cyber attack. Back in February, it was verified that similar transfers from another wallet owned by Larsen occurred due to a hack, during which hackers managed to pilfer approximately 212 million XRP.
Recently, there have been whispers of a potential new hack due to the shifting movement of certain tokens among various accounts. However, these speculations appear dubious as the initial transaction took place nearly five full days back, and Larsen has made no mention of any exploit.
The process of tokenizing Real World Assets (RWA) is picking up speed as major industry players are increasingly focusing on this emerging trend in blockchain technology. Anthony Scaramucci, founder of SkyBridge Capital, stated at the Breakpoint 2024 conference that tokenization will significantly contribute to transaction verification, and he believes Solana could have a significant impact on the future of tokenized assets.
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2024-09-21 19:46