XRP wallet linked to Chris Larsen still has $9B to sell, analyst warns
XRP selling pressure could mushroom if the recent 50 billion XRP sale from a wallet linked to Ripple’s Chris Larsen was “just the warm-up.”
Key points:
Ripple co-founder Chris Larsen sparks warnings to XRP investors after a wallet linked to him sends 50 million tokens to exchanges.
Larsen notionally has over 2.5 billion XRP left, which would create massive selling pressure if distributed.