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.