Following US President Donald Trump’s announcement of the US Strategic Cryptocurrency Reserve last night, major US-based cryptocurrencies, including Ripple (XRP), came to the fore.
However, crypto detective ZachXBT warned in his statement that Ripple management has a large amount of XRP in its possession. According to the analyst, there are more than 2.7 billion XRP addresses belonging to Ripple co-founder Chris Larsen, worth a total of $7.18 billion.
These addresses transferred $109 million worth of XRP to centralized cryptocurrency exchanges in January 2025.
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However, ZachXBT stated in his statement that some of the addresses he monitored had not shown any activity for 6-7 years, and that Larsen may have lost access to these addresses or may have sold the addresses in February 2013. He also reminded that Larsen was the victim of a $112 million hack earlier last year.
In addition to XRP, the planned cryptocurrency reserve also includes altcoins Cardano (ADA), Solana (SOL) and Ethereum (ETH).
*This is not investment advice.
Continue Reading: Cryptocurrency Detective ZachXBT Warns About Ripple (XRP) – “Assets in Founder’s Possession…”
