In July 2025, the XRP market experienced significant fluctuations after the $140 million XRP transactions attributed to Ripple co-founder Chris Larsen.
Sell-offs and Long Position Liquidations
Long positions on Binance were liquidated following sales from Larsen. Analysts linked this to his recent $140 million transfer, which reduced traders' interest in leveraged positions and reignited discussions on whale risks.
Market and Whale Influences
Chris Larsen, a key figure at Ripple, executed substantial XRP transfers that shifted market perceptions. On-chain data highlights over 50 million XRP moved recently, drawing scrutiny towards the potential risks posed by whale activities.
Potential Outcomes and Discussions
Recent market fluctuations led to XRP's price dropping from $3.65 to $2.95 and resulted in $7.3 million of long positions being liquidated. Open interest in XRP futures plummeted 16.8%, indicating traders' adjustments and decreased trust in leveraged positions.
Chris Larsen's $140 million XRP sale led to significant market changes, raising questions about whale influence and potential regulatory implications.
