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Ripple and Chris Larsen Wire 20 Mln XRP – Binance, Coinbase Pro Are Among Recipients

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Sat, 08/08/2020 - 08:23
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Yuri Molchan
XRPL Monitor revealed that in the past 15 hours, Ripple and its co-founder Chris Larsen transferred twenty million XRP to Binance, Coinbase Pro and another Ripple wallet
Ripple and Chris Larsen Wire 20 Mln XRP – Binance, Coinbase Pro Are Among Recipients
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Twitter bot XRPL Monitor has shared data that Ripple keeps wiring large amounts of XRP to crypto exchanges – this time those are again trading giants Binance and also Coinbase Pro.

Former Ripple CEO wires XRP to Coinbase Pro

Ripple co-founder and its former CEO who stepped down to let Brad Garlinghouse take over, Chris Larsen, has wired 5 mln XRP to the major San-Francisco-based exchange Coinbase Pro.

Despite leaving the position of the chief executive in 2016, Larsen remains the executive chairman of the company and according to Forbes, he is a crypto billionaire as he had 5.19 bln XRP and a 17-percent stake in the company (data from 2018).

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Image via Bithomp

Related
Former Ripple CEO Chris Larsen Wires 75 Mln XRP, Following Large Anon Wallets Sending Same XRP Amount to His Address

Ripple moves 15 mln XRP, Binance gets 1/3 of it

XRPL Monitor also reported that Ripple moved 10 mln XRP from one of its wallets to another. Besides, the blockchain giant sent five mln XRP to Binance exchange.

This is not the first XRP transfer from Ripple to Binance. On Friday, U.Today reported that Ripple wired 20 mln XRP to Binance from its Funding Wallet1.

On Friday, Binance listed the AUD/XRP pair, which made it possible to conclude that Binance might be acquiring XRP to fuel the boosted trading.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.