Did Ripple Founder Chris Larsen Just Move 60 Million XRP? Traders Track Large Bitcoin (BTC) and XRP Transfers

Cryptocurrency whale watchers are tracking the movement of millions of dollars worth of XRP.

On Monday morning, a wallet activated by Ripple founder and former CEO Chris Larsen received 60,000,000 XRP from a wallet of unknown origin.

About five minutes later, the wallet attributed to Larsen sent 56,994,820 XRP to a separate, unknown wallet.

?? 60,000,000 #XRP (11,652,075 USD) transferred from unknown wallet to Funding Wallet 1

Tx: https://t.co/euzlNeSPSI

— Whale Alert (@whale_alert) December 30, 2019

?? 56,994,820 #XRP (10,996,821 USD) transferred from Funding Wallet 1 to unknown wallet

Tx: https://t.co/uWFn4RqxSs

— Whale Alert (@whale_alert) December 30, 2019

Although the exact reason for the transfers is unknown, users on the XRP-based forum XRPChat have in the past speculated that Larsen is the sole owner of the wallet.

Meanwhile, Bitcoin whales appear to be awakening from a late December slumber.

In the last 24 hours, some of the biggest Bitcoin holders in existence moved 10,350 BTC worth about $74.9 million.

Three of the transfers involved crypto moving from unknown wallets to crypto exchanges, where they could potentially be sold on the open market.

• 693 BTC (5,009,890 USD) transferred from OKEx to Binance
• 693 BTC (5,070,646 USD) transferred from OKEx to unknown wallet
• 800 BTC (5,755,603 USD) transferred from unknown wallet to Bitstamp
• 1,001 BTC (7,226,967 USD) transferred from OKEx to unknown wallet
• 975 BTC (7,104,254 USD) transferred from COINBASE to unknown wallet
• 2,002 BTC (14,584,340 USD) transferred from OKEx to unknown wallet
• 988 BTC (7,194,244 USD) transferred from unknown wallet to Bitstamp
• 923 BTC (6,789,075 USD) transferred from Coinbase to unknown wallet
• 1,275 BTC (9,348,647 USD) transferred from unknown wallet to OKEx
• 1,000 BTC (7,396,436 USD) transferred from Coinbase to unknown wallet