As XRP eyes all-time high, cofounder transfers $26 million worth of the token
The third-largest cryptocurrency is reattempting to surpass the all-time high it set more than seven years ago.
XRP is outpacing bitcoin, ethereum, and solana, jumping 8.2% in the last 24 hours and 32% in the past seven days, and is less than 5% away from its all-time high of $3.40 set in January 2018.
DLNews reported on Thursday that a wallet address identified as belonging to Ripple cofounder Chris Larsen sent $26 million worth of tokens to centralized exchange Coinbase on Tuesday, which strongly indicates an intention to sell.
XRP has seen $12.3 billion in 24-hour trading volume, a 186% increase from last week when the figure was at just under $4.3 billion, data from CoinGecko shows.
The last time XRP was at its current price point was around the time of the second inauguration of President Donald Trump. Since then, several firms have announced embracing an XRP-focused treasury strategy, two leveraged XRP ETFs have launched, and Ripple, the cross-border payments company associated with the cryptocurrency, applied for a national banking license.
DLNews reported on Thursday that a wallet address identified as belonging to Ripple cofounder Chris Larsen sent $26 million worth of tokens to centralized exchange Coinbase on Tuesday, which strongly indicates an intention to sell.
XRP has seen $12.3 billion in 24-hour trading volume, a 186% increase from last week when the figure was at just under $4.3 billion, data from CoinGecko shows.
The last time XRP was at its current price point was around the time of the second inauguration of President Donald Trump. Since then, several firms have announced embracing an XRP-focused treasury strategy, two leveraged XRP ETFs have launched, and Ripple, the cross-border payments company associated with the cryptocurrency, applied for a national banking license.
