Chris Larsen's recent transfer of $26 million XRP to Coinbase has attracted market attention as the token price reaches $3.25.
Chris Larsen's $26M XRP Transfer
Chris Larsen, co-founder of Ripple and executive chairman, transferred $26 million worth of XRP to Coinbase on July 16, 2025. The transaction was tracked by XRPscan and linked to one of Larsen’s known wallets.
The transfer comes as XRP surged to $3.25, its highest price in over seven months. Since January, Larsen has transferred 106 million XRP, totaling approximately $344 million, to different exchanges. This activity suggests a possible attempt to take advantage of favorable market conditions.
Ripple Leadership Activity Draws Attention
Larsen’s wallet activities have attracted the attention of market analysts and the XRP community. The frequency and volume of transfers have sparked rumors about Ripple's internal practices, increasing investor interest. Larsen’s actions may serve as an indicator of Ripple’s general trends and his influence on XRP dynamics.
Ripple Eyes Integration with Federal Authorities
In addition to wallet activities, Ripple is pursuing deeper integration with the traditional financial system. In early July, Ripple and Circle applied for a US National Trust Bank charter. If approved, this could allow Ripple to offer regulated XRP-based financial services in the US.
Additionally, Chinese company Webus International is planning to establish a treasury of 300 million XRP, citing the efficiency of the XRP blockchain as a key rationale. In June, Ripple also dropped its appeal in its legal case with the SEC regarding the classification of XRP as a security, reflecting a shift towards regulatory compliance.
Chris Larsen's $26 million XRP transfer highlights the growing activity of Ripple's leadership as the company strengthens ties with traditional finance. These developments shape the evolving market and regulatory landscape for XRP.
