Whale Alert has drawn the attention of the crypto community to a transaction involving millions of XRP and Ripple co-founder Chris Larsen. He moved 50 million XRP from one of his accounts to an unknown wallet on Monday, adding to his recent sales.
Larsen Moves XRP Again
Meanwhile, on-chain data shows that the transaction happened at exactly 15:43 (UTC) on Monday. The sending address “r44CNw,” marked as “chrislarsen (2)” on XRPScan, moved the $124 million worth of XRP to the receiving address “rsT3yY.”
Larsen activated the sending address in February 2013, and it has been dormant for most of the time until yesterday. Following the transaction, the wallet still holds 450 million XRP at the time of writing.
Before now, Larsen had over 106 million XRP this year, valued at $334 million. This move has brought him severe criticism for dumping the tokens on retail XRP holders and reignited debate within the Ripple and XRP investor community.
Unknown Receiving Address?
Notably, while Whale Alert marked the receiving address as unknown, XRPScan paints a different picture. Data from the XRP-focused on-chain tracker marked the wallet as “Evernorth (1),” suggesting it could be part of the Ripple treasury deal with the firm.
For perspective, Evernorth plans to raise $1 billion to establish the largest Ripple-backed XRP treasury, supported by institutions like Ripple, SBI, and Kraken. The transaction may be part of the fundraiser for the firm, but this remains speculative.
Meanwhile, digital asset infrastructure firm BitGo activated the Evernorth-tied receiving address on October 17 with 1.22 XRP. At the time of writing, the wallet still held the received funds.
Whales FOMO Into This Bullish Token
Meanwhile, on-chain analysis has revealed an accumulation trend on Minotaurus (MTAUR), one of the most promising assets in the cryptocurrency market. Whales are buying because the token offers both utility and massive upside potential.
With the massive accumulation, Minotaurus has recorded considerable success in its short offering time. Moreover, Minotaurus sells for 0.00012469 USDT, a significantly low price compared to its staggering potential.
Furthermore, to foster community engagement and development, the project offers a range of incentives, including vesting and referral bonuses, as well as a 100,000 USDT giveaway, with one lucky winner receiving 50,000 USDT.
Conclusion
Users are confident that Minotaurus is not a scam, unlike many early-stage project tokens. Stamps of approval from security and audit firms SolidProof and Coinsult have reassured users that funds are SAFU. Buy MTAUR now before the opportunity ends.
Attention! The information presented in this article does not constitute investment advice. Before purchasing any cryptocurrency, always conduct thorough research and make sure you are well informed about the specific asset! Before making an investment decision, it is recommended to consult with a professional. Fintech.hu is not responsible for decisions made based on this information.
(This article was provided by a third party.)
(Cover photo: AI generated)
