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Ripple Co-Founder Transfers 20 Million XRP, Sparking Selloff Fears And Wallet Hack Concerns

  • Chris Larsen, co-founder of Ripple, has transferred 20 million XRP tokens from his wallet in a potential preparation for a selloff.
  • The transaction triggered subsequent transfers, ultimately connecting with the crypto exchange Binance.
  • Speculation suggests that the tokens will be sold off on Binance in the coming days.
  • There is also a possibility that the transfer is related to a hack, although this has not been confirmed by Larsen.

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