Ripple Co-Founder Accused of Dumping 50M $XRP at Local High 💥
Ripple co-founder Chris Larsen has come under fire after transferring 50 million XRP (~$175 million) to crypto exchanges just as XRP hit a local high — sparking widespread accusations of strategic “dumping.”
🔎 Blockchain sleuth ZachXBT flagged the move, pointing out that Larsen-linked wallets still hold over 2.8 billion XRP, raising questions about future sell pressure.
📊 Despite the backlash, XRP remains technically strong, and analysts suggest it could challenge its 2018 all-time high — if overall market momentum stays bullish.
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