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According to recent data from the blockchain analysis platform CryptoQuant, Ripple co-founder Chris Larsen has massively sold approximately $200 million worth of XRP tokens in the last ten days. This move has caused quite a stir in the crypto assets market.
In the face of such a massive Token dumping, CryptoQuant analyst Maartunn made sharp comments on this. He bluntly questioned: "In this situation, is there anyone who would continue to buy? If you are still buying, then you are likely the one providing exit liquidity for others."
This event has once again raised concerns in the market about the large-scale selling behavior of project parties. As a co-founder of Ripple, Chris Larsen's trading actions will undoubtedly have a significant impact on the market price of XRP and investor confidence.
It is worth noting that large-scale sell-offs by founding team members in the Crypto Assets market are often seen as a negative signal. It may imply a lack of confidence among insiders in the project's prospects or that the project is about to face significant changes.
However, there is also the viewpoint that this may be a normal adjustment of Larsen's personal asset allocation and should not be overinterpreted. In any case, investors should closely monitor such important information and conduct a comprehensive analysis in conjunction with more factors when making investment decisions.