The company Ripple has transferred an amount of 39.5 million XRP during the last 24 hours detected by XRPL Monitor. According to the twitter report of XRPL Monitor, the company has sent a part of this amount to its ex-CEO Chris Larsen. The former CEO of Ripple then transferred a part of the amount to Coinbase Pro as well.
XRPL Monitor Spots another XRP transaction
Another major XRP transaction has been detected by XRPL Monitor. According to the report, the transaction consisted of an amount of 39.5 million XRP which was wired by Ripple. The company sent an amount of 14.5 million XRP to the wallet of Chris Larsen the former CEO of Ripple.
After receiving this amount of XRP from Ripple, Chris Larsen transferred 7.5 million XRP to the Coinbase Pro exchange as reported by the XRPL Monitor.
Other than this, during this time frame, another transaction of 10 million was also made by Ripple from one wallet address to another wallet.
Source: Twitter
6.1 million XRP cashed out by Ripple’s former CTO
On the other hand, the former Chief Technology Officer (CTO) of Ripple Jed McCaleb is continuing to cash out his XRP coins that he was given as a part of an agreement by the company. Recently, the Ripple CTO transferred an amount of 6.1 million from his “tacostand” wallet in order to cash it out.
Apart from this, the former CTO of Ripple received a big sum of money in XRP from the company as well at the beginning of this week. An amount of 60 million XRP worth $17,360,558 was sent to the wallet of Jed McCaleb. Ripple’s former CTO is cashing out the money in smaller amounts. So there is unlikely a chance that it would affect the exchange rate of XRP.
The third-largest digital currency in the world by market cap XRP is still trading in the $0.28 zone despite some attempts to finding a breakout towards $0.32. However, XRP’s price value is up 0.50% which means that the bullish sentiments for the coin are still out there in the market.
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