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Blockchain Investigator Finds 2.7B XRP in Dormant Wallets—Tied to Ripple Co-Founder?

  • Long-dormant XRP wallets linked to Ripple co-founder Chris Larsen have been reactivated, moving $109 million worth of XRP to exchanges.
  • The sudden activity in these wallets has raised speculation about Larsen's motives and whether he may have lost access to the funds in the past.
  • The significant amount of XRP being transferred could have market implications, but the price of XRP has remained relatively stable.
  • In the broader context, the recent announcement of the U.S. Strategic Crypto Reserve, which includes XRP, adds to the evolving nature of digital assets in the global financial system.

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