Blockchain investigator ZachXBT has drawn attention to unexpected activity from XRP addresses linked to Ripple co-founder Chris Larsen. These addresses were inactive for over six years and suddenly began making large transfers in January 2025.
Unexpected XRP Address Activity
In January 2025, multiple XRP addresses linked to Chris Larsen showed unexpected activity. These addresses had been dormant for six to seven years and suddenly transferred over $109 million worth of XRP to exchanges. Currently, XRP is valued at $2.60, and these addresses still hold 2.7 billion coins, approximately valued at $7.18 billion.
Possible Loss of Control Over Funds
The addresses linked to Larsen had remained inactive since 2013, suggesting a possible loss of control over the funds. Earlier in 2024, it was reported that Larsen lost access to 213 million XRP due to a hack.
Market Impact Due to XRP Sales
It remains unclear whether Larsen still controls these large XRP holdings. There are concerns that a gradual sale of these coins could affect XRP's price and market dynamics.
The market anticipates potential changes in XRP pricing due to activity in addresses linked to Chris Larsen. Market participants should consider the potential impact of such large transactions.
