A recent transaction by Ripple co-founder Chris Larsen has captured the attention of the crypto community. He transferred a significant amount in XRP to Coinbase, raising speculation about potential market pressure.
The Transaction by Chris Larsen
Chris Larsen, co-founder of Ripple, made a transfer of about $26 million worth of XRP to Coinbase. This transaction occurred earlier this week, and it remains unclear whether the tokens have been sold. Since the beginning of 2025, Larsen has transferred a total of around 106 million XRP.
XRP Market and Its Price Movements
This news comes in the wake of XRP's recent climb, bringing it close to its historic high of $3.40. XRP reached a temporary price of $3.30, which spurred interest from both retail and institutional investors.
Expectations from Hidden Investments
Anticipation is building for the ProShares XRP Futures ETF, expected to launch on July 18. Amid these events, open interest in futures has increased to $9.98 billion.
The recent transaction by Larsen and the rise in interest for XRP highlight critical moments in the current dynamics of the crypto market. These events may reflect both growing interest and potential risks for investors.
