Chris Larsen, Co-Founder of Ripple, Dumps 50 Million XRP. Should Investors Be Worried?
Few things spook crypto investors faster than seeing an executive's wallet slide a big stack of tokens onto an exchange. When that executive helped build the network in question, the anxiety level ratchets even higher -- why would someone dump something valuable that they helped to create?
That's exactly what coursed through crypto circles in late July after blockchain sleuths traced 50 million XRP (CRYPTO: XRP) leaving wallet addresses tied to Ripple co‑founder and Executive Chairman Chris Larsen. Ripple is the company that issues XRP. The transfers, worth roughly $175 million at the time, sparked a lot of hand‑wringing, so let's analyze what's beneath the headlines and see whether the fears are justified.
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Source Fool.com
