Ripple co-founder sold 50 million XRP… cashed out about 120 million dollars
JH Kim
Summary
- Chris Larsen, Ripple co-founder, announced the sale of 50 million XRP.
- The sale amounted to approximately 120 million dollars.
- Evernorth said it plans to raise more than 1 billion dollars and strategically stockpile XRP.
On the 20th (local time), CryptoQuant contributor Maartunn said on X (formerly Twitter) that Chris Larsen, Ripple co-founder, sold 50 million XRP.
The sale amounted to about 120 million dollars and occurred immediately after news that Evernorth, a crypto venture and Ripple's strategic partner, is pursuing a SPAC listing.
Evernorth plans to raise more than 1 billion dollars to strategically stockpile XRP.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
