Ripple’s Co-Founder Sells XRP at This Exact Time — Analyst Spots a Pattern
BeInCrypto
Ripple co-founder Chris Larsen sold 50 million XRP, part of over $764 million in sales since 2018, following a cyclical pattern.Summary
On-chain analyst Maartun highlighted that Ripple co-founder Chris Larsen recently sold 50 million XRP, valued at about $120 million, marking his largest sale to date. Although this specific transaction was linked to an investment in Evernorth, a firm launching an XRP-focused treasury, the analyst pointed out Larsen's recurring pattern of selling XRP near local highs, having realized over $764 million in profits since 2018. Despite Larsen's sales and general market headwinds, including a historically weak October for XRP, technical indicators suggest a potential bullish reversal, with some analysts projecting a rally toward $5, supported by November historically being XRP's strongest month.
(Source：BeInCrypto)