Ripple Co-Founder Chris Larsen Sells $200M XRP, Will He Sell More in the Coming Week?

The post Ripple Co-Founder Chris Larsen Sells $200M XRP, Will He Sell More in the Coming Week? appeared first on Coinpedia Fintech News

XRP is currently trading near $3.16 with about $8 billion in market cap, despite a 14% drop over the past week. The token is showing resilience, sitting above key technical averages, but recent large token activity is drawing renewed scrutiny. 

Ripple co-founder Chris Larsen has offloaded over 100 million XRP tokens, worth around $200 million, during the recent price dip, adding pressure to the already shaky market. XRP fell by nearly 20%, touching $3.18 as of July 23. While some see this as a routine move, analysts warn that such large-scale selling, especially during market pullbacks, can worsen price drops.