Tensions are rising in the XRP community after Ripple co-founder Chris Larsen moved 50 million XRP —worth about $175 million —between July 17 and Wednesday. Blockchain sleuth ZachXBT flagged that roughly $140 million was sent to centralized exchanges, often a sign of selling intent. Larsen’s timing raised eyebrows, as XRP had just touched a local high above $3.60 before plunging below $3.10. Critics accuse him of coordinated dumping, while others suggest it may be a long-term asset shuffle. The silence from Ripple and Larsen has only fueled the uncertainty. Amid the unease, some investors are eyeing newer tokens with less insider control. One such project gaining traction is MAGACOIN FINANCE , which many view as a fresh opportunity during the market shake-up. Insider Control Still Looms Over XRP The criticism is not just about this one transfer—it’s about the sheer size of Larsen’s holdings. According to on-chain data shared by ZachXBT, his associated wallets still contain 2.81 billion XRP , currently worth $8.4 billion . That figure represents 4.6% of XRP’s total market cap , making the token highly susceptible to price shocks if even a portion is moved or sold. X users have voiced their frustrations loudly, with some questioning why a coin subject to such centralized influence continues to rank among the top five. Others maintain that these concerns are overblown and that market structure—not insider moves—drives price more significantly in the long term. A New Contender Gains Ground with Retail While XRP navigates fresh waves of uncertainty, MAGACOIN FINANCE is capturing the attention of investors hunting for high-upside altcoins still under the radar. Demand is accelerating with each presale round selling out faster than the last , a sign that last spots are filling fast—window closing soon . Backed by a growing community and expanding utility, the project is gaining momentum as one of the most anticipated altcoins of the cycle. Many are calling it a rare early-stage opportunity with massive breakout potential once exchange listings go live. Analysts Still Hopeful for XRP Recovery Despite the drama, XRP’s long-term potential isn’t entirely off the table. Bitpanda’s deputy CEO Lukas Enzersdorfer-Konrad said XRP could still reach its 2018 all-time high of $3.84 , depending on broader market sentiment and altcoin capital rotation. Without a unique catalyst, however, XRP’s price trajectory will likely mirror the rest of the market. As of now, XRP remains in a sensitive position. Its ability to recover hinges on regaining investor trust and maintaining technical support levels. If large holders continue to move tokens without transparency, that road may become increasingly difficult. Conclusion Chris Larsen’s latest XRP transfers have once again placed Ripple’s leadership under scrutiny, with $8 billion in holdings looming as a constant overhang. As XRP tries to stabilize, a growing number of investors are looking elsewhere—toward emerging tokens like MAGACOIN FINANCE , where early momentum and limited access are creating a high-stakes window for strategic entry. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: XRP Whales Stir Market as Sell-Off Risk Rises – Retail May Be Running Out of Time
