Crypto Gloom

Ripple CEO Chris Larsen Moves 20 Million XRP—Is Binance Next?

Ripple CEO Chris Larson has caused a stir by moving 20 million XRP, raising questions about where the tokens are going. This move comes after he moved 50 million XRP on September 16, the first major outflow from his wallet since 2013. The latest transaction occurred in four waves, leading many to assume Binance was the destination, but this has yet to be confirmed. Larson’s wallet previously received a large amount of XRP before sending it to Binance, adding to the speculation. Some are concerned that it may have been hacked, but Larson has not confirmed any security breaches, so the real reason for these moves is unclear.