The remaining 10 million XRP was split evenly between two new wallets, each receiving 5 million XRP.
Despite these outflows, wallets tied to Larsen still hold over 2.81 billion XRP, which translates to more than $8.4 billion at current market prices.
XRP, the token underpinning Ripple’s cross-border payments network, recently surged near its all-time high of $3.40 before retracing by over 12% in the last 24 hours, in line with broader market correction trends.
According to him:
“Like clockwork, with success and market rallies, scammers ramp up their attacks on the crypto community — PLEASE BEWARE of the latest scam targeting the XRP family.”
Considering this, Ripple’s official X account stated:
“Ripple or our execs will NEVER ask you to send us XRP…Stay Vigilant.”
The warnings come as XRP activity rises, making the network a prime target for fraud during periods of heightened market attention.
