Chris Larsen, the co-founder of Ripple, transferred over $109 million worth of XRP to exchanges this month, including Coinbase, Bitstamp, and Bybit. On-chain analyst ZachXBT disclosed this information on platform X.

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PANews reported on January 30 that on-chain analyst ZachXBT disclosed on the X platform that the wallet address (rhREXVHV938ToGkdJQ9NCYEY4x8kSEtjna) under the name of Ripple co-founder Chris Larsen has transferred more than $109 million of XRP to exchanges such as Coinbase, Bitstamp and Bybit this month.

Ripple co-founder transfers $109 million XRP to multiple exchanges this month