Ripple Founder Liquidates $109M in XRP, While Solana Pump.fun Dumps $212M in SOL
- A wallet Ripple co-founder Chris Larsen activated transferred over $109 million in XRP this month.
- Pump.fun moved another 98,000 SOL to Kraken, totaling 880,877 SOL transferred in January.
- These large transfers come amid market volatility.
A wallet activated by Ripple co-founder Chris Larsen has transferred over $109 million worth of XRP to major cryptocurrency exchanges, including Coinbase, Bitstamp, and Bybit. On-chain investigator ZachXBT flagged the transactions, noting that the funds originated from the XRP wallet address “rhREXVH…Etjna.”
While there is no statement from Ripple or Larsen regarding the transfers, large movements of XRP by wallets linked to Ripple’s founders have attracted market attention. Some suggest such transfers could be for liquidity management, while others speculate on potential sell-offs.
Pump.fun’s Large SOL Transfers Continue: 880K to Kraken
Meanwhile, Solana-based meme coin platform Pump.fun has continued offloading SOL tokens. Today January 30, another 98,000 SOL was transferred to Kraken, bringing the total amount moved this month to 880,877 SOL. At Solana’s price of $241 per token, the total offloaded figure is wo…
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Bitcoin Suffers Technical Setback, Loses 100-Day Average as XRP, ETH and SOL Hold Ground
Ripple Founder Liquidates $109M in XRP, While Solana Pump.fun Dumps $212M in SOL
- A wallet Ripple co-founder Chris Larsen activated transferred over $109 million in XRP this month.
- Pump.fun moved another 98,000 SOL to Kraken, totaling 880,877 SOL transferred in January.
- These large transfers come amid market volatility.
A wallet activated by Ripple co-founder Chris Larsen has transferred over $109 million worth of XRP to major cryptocurrency exchanges, including Coinbase, Bitstamp, and Bybit. On-chain investigator ZachXBT flagged the transactions, noting that the funds originated from the XRP wallet address “rhREXVH…Etjna.”
While there is no statement from Ripple or Larsen regarding the transfers, large movements of XRP by wallets linked to Ripple’s founders have attracted market attention. Some suggest such transfers could be for liquidity management, while others speculate on potential sell-offs.
Pump.fun’s Large SOL Transfers Continue: 880K to Kraken
Meanwhile, Solana-based meme coin platform Pump.fun has continued offloading SOL tokens. Today January 30, another 98,000 SOL was transferred to Kraken, bringing the total amount moved this month to 880,877 SOL. At Solana’s price of $241 per token, the total offloaded figure is wo…
The post Ripple Founder Liquidates $109M in XRP, While Solana Pump.fun Dumps $212M in SOL appeared first on Coin Edition.
Read More