In keeping with CryptoQuant analyst J.A. Maartun, Ripple co-founder Chris Larsen has dumped a complete of $200 million price of XRP tokens over the previous 10 days alone.
“Nonetheless shopping for? You are the exit liquidity. He is dumping on you. Suppose twice,” Maartun warned in his social media publish on X.
In keeping with Forbes, Larsen’s complete internet price at the moment stands at $10.8 billion. This makes the Ripple co-founder the 264th richest particular person on this planet.
Laren’s complete XRP holdings stand at roughly 2.8 billion tokens, based on current estimates. The entrepreneur obtained them as a part of the pre-mine that befell in 2012. Ripple co-founders obtained 20% of the token’s complete provide, with Larsen initially getting a complete of 9.5 billion tokens.
As reported by U.At present, XRP logged its worst day by day drop since April on Wednesday.
Earlier in the present day, the token briefly plunged under the $3 stage earlier than the bulls managed to regain some floor.