XRP holders face potential selling pressure as Chris Larsen, co-founder of Ripple, has moved 50 million XRP from a wallet associated with him to exchanges. Analysts indicate that this might be just the beginning, as Larsen is estimated to still possess over 2.5 billion XRP—valued at approximately $9 billion. This raises concerns about becoming 'exit liquidity' for investors, especially with XRP trading currently 13% below its recent all-time highs. J. A. Maartunn from CryptoQuant advised XRP holders to protect themselves, implying that the recent outflow could be a prelude to larger sales. Public reactions have been mixed; while some view Larsen's actions as profit-taking, others accuse him of manipulating the market at peak prices. As Larsen still holds a significant amount of XRP, more selling could greatly affect market dynamics, particularly after Bitcoin also experienced pressure due to a large BTC sale. Overall, the market remains on edge regarding future movements tied to Larsen's XRP holdings.

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