- A wallet Ripple co-founder Chris Larsen activated transferred over $109 million in XRP this month.
- Pump.fun moved another 98,000 SOL to Kraken, totaling 880,877 SOL transferred in January.
- These large transfers come amid market volatility.
A wallet activated by Ripple co-founder Chris Larsen has transferred over $109 million worth of XRP to major cryptocurrency exchanges, including Coinbase, Bitstamp, and Bybit. On-chain investigator ZachXBT flagged the transactions, noting that the funds originated from the XRP wallet address “rhREXVH…Etjna.”
While there is no statement from Ripple or Larsen regarding the transfers, large movements of XRP by wallets linked to Ripple’s founders have attracted market attention. Some suggest such transfers could be for liquidity management, while others speculate on potential sell-offs.
Pump.fun’s Large SOL Transfers Continue: 880K to Kraken
Meanwhile, Solana-based meme coin platform Pump.fun has continued offloading SOL tokens. Today January 30, another 98,000 SOL was transferred to Kraken, bringing the total amount moved this month to 880,877 SOL. At Solana’s price of $241 per token, the total offloaded figure is worth approximately $212.3 million.
Related: Whales Drive XRP and ADA Bullish Surge: Will New All-Time Highs Follow?
The consistent movement of SOL to exchanges has raised questions about potential sell-offs from market participants. Pump.fun, a platform for launching and trading meme coins on Solana, has seen increased scrutiny due to its large token movements.
XRP Whale Activity Surges to Record High
Meanwhile, XRP is experiencing a notable increase in whale activity, with the number of wallets holding between 1 million and 10 million XRP reaching an all-time high of 2,083. This surge suggests growing confidence among large investors, as such accumulation often signals expectations of a price rally.
On January 29, XRP briefly hit $3.20 before returning to $3.10. Analysts suggest a decisive move past $3.40 could pave the way for a potential push beyond $4, creating optimism among retail investors.
Related: XRP Targets $3.62 After Completing ABC Correction
Solana-based DogWifTools Suffers $10M Exploit
In a separate incident, the Solana-based platform DogWifTools suffered a $10 million exploit, targeting versions 1.6.3 through 1.6.6 of its software. Hackers accessed the project’s private GitHub repository, injected malicious code into software updates, and distributed them to users.
The malware installed a file named “updater.exe,” which stole private keys and drained funds from hot and cold wallets. Victims also reported losing access to their Binance and Coinbase accounts, as the malware likely extracted sensitive identity documents.
Some community members accused DogWifTools of a “rug pull,” though no evidence supports this claim. Others warned that features like volume automation and token bundling may have made it a prime target for attackers.
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