Ripple’s co-founder, Chris Larsen, may have merely dipped his toe into the vast ocean of pecuniary opportunity, according to the indefatigable J.A. Maartun of CryptoQuant. One might almost mistake the $200 million XRP divestment for a mere prelude to a grander spectacle, though the market’s collective gasp at the sight of Larsen’s digital ledger suggests otherwise. 🧾
Maartun, that indefatigable analyst of the blockchain, has observed that Larsen still clutches 2.58 billion XRP tokens, a sum so vast it could fund a modest empire—or at least a very large yacht. At current valuations, this hoard is worth a modest $7.9 billion. One might say Larsen’s fingers are still dusted with the glitter of opportunity. ✨
A Top Signal?
The analyst, with a mind as sharp as a crypto bear market, posits that Larsen’s recent $200 million sale might be “a warm-up,” a phrase that sounds suspiciously like the preamble to a financial pantomime. Some have speculated that this selling spree coincided with XRP’s brief flirtation with $3.66 on July 18—a price so lofty it required a ladder to reach. 🪜
Two days post-rally, Larsen sent 1 million tokens into the ether, a move that coincided with a 20% price correction. One might say the market’s response was a polite cough into a handkerchief. 🤒 XRP now languishes below $3, a price so humble it might as well be a birthday card from a bank. 🎉
Not all are convinced, however. Bill Morgan, a lawyer of some renown, has valiantly but quixotically attempted to absolve Larsen of the market’s woes. One suspects he’s fighting a losing battle, much like a man trying to explain the value of a tulip in 2024. 🌷
How Much Has Larsen Sold?
Larsen, whose net worth ($11.4 billion) could buy the entire island of Manhattan and still have enough left for a very expensive espresso, has sold 107 million XRP since November. At current prices, this amounts to a mere $3.3 billion. A trifle, one imagines, for a man who once owned 9 billion tokens. 🏦
Comparisons to Jed McCaleb, the other co-founder who ceased selling in 2022, are inevitable. Both were gifted 9 billion XRP in 2012, a sum so staggering it’s enough to make one question the sanity of the 2012 boardroom. The remaining 2 billion were allocated to the enigmatic Ripple co-founder, who recently emerged from crypto hibernation like a bear from a cave, clutching a smartphone and a spreadsheet. 🐻📱
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2025-07-25 22:09