ZachXBT has uncovered dormant XRP wallets linked to Ripple co-founder Chris Larsen, holding around $7.18 billion, with some inactive for 6-7 years.
Transaction records show that over $109 million worth of XRP was moved to exchanges like Coinbase, Bitstamp, and Bybit, fueling speculation.
After the news broke, XRP's price surged 18%, reaching a high of $2.93 before closing at $2.60.
Discussions have emerged within the crypto community about the significance of these 'untouched funds' and Larsen's control over the identified accounts.