Chris Larsen, co-founder of Ripple Labs, has made significant XRP transfers to Coinbase amid a surge in cryptocurrency value.
Transaction Details
On July 15, Larsen transferred over 8 million XRP to Coinbase through several transactions. These transfers included a first transaction of 1.6 million XRP at 14:44 UTC, followed by an additional 2 million XRP at 14:46 UTC. Within the following five minutes, Larsen transferred 4 million XRP in two more transactions, totaling 7.6 million XRP sent to Coinbase.
Larsen's Wallet Activity
Larsen's wallet now holds approximately 332.5 million XRP, valued at about $1.08 billion. This raises speculation about potential asset sales amid the rising XRP price. In January 2025 alone, Larsen transferred over $109 million worth of XRP to various exchanges.
Chris Larsen's Influence on XRP
Chris Larsen is a co-founder of Ripple, a company facilitating blockchain payments. His activities and XRP transfers attract attention in the crypto community. Earlier this year, he confirmed his personal accounts had been compromised, highlighting security issues in the cryptocurrency space. Nonetheless, with the rise in XRP, his net worth has increased from $3.2 billion to $10 billion.
Chris Larsen's transfers highlight the activity in the growing XRP market and his significant role in the cryptocurrency ecosystem. The ability to manage assets amid volatility emphasizes the need for careful investment approaches in cryptocurrency.
