Ripple Co-Founder Transfers $50M

This is a news story, published by CoinGape, that relates primarily to Chris Larsen news.

Chris Larsen news

For more Chris Larsen news, you can click here:

more Chris Larsen news

crypto trading & speculation news

For more crypto trading & speculation news, you can click here:

more crypto trading & speculation news

CoinGape news

For more news from CoinGape, you can click here:

more news from CoinGape

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like crypto trading & speculation news, you might also like this article about

Ripple Executive Chairman Chris Larsen Moves XRP Worth

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest XRP Price Jumps news, XRP price news, crypto trading & speculation news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

Ripple executive Chris Larsen

CoinGape

•

Ripple's Chris Larsen Transfers 50M XRP After 11 Years of Inactivity

Summary

Nutrition label

62% Informative

Ripple co-founder and executive chairman Chris Larsen made the first transfer of XRP after 11 years of inactivity.

XRP price soared over 4% in the last 24 hours after Larsen moved 50 million coins to another wallet.

The first significant movement from his wallet since its creation in 2013 has implications for the native crypto’s market dynamics.

Analyst CredibleCrypto targets $ 0.75 next as the token was deemed not a security and Ripple pays relatively small penalty of $125 million as compared $2 billion asked by the SEC .

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful