Ripple co-founder Chris Larsen recently moved 70 million XRP (valued at around $41 million) from his wallet, sparking speculation of a potential sell-off. This has rattled XRP bulls as the token's price dropped slightly following the news. Larsen's activity marks the first significant movement from his wallet since 2013, contributing to market uncertainty. XRP, which was gaining momentum, faced a downturn with traders keeping an eye on future price movements.