Chris Larsen's recent transfer of 50 million XRP has led to community criticism and significant price fluctuations in the cryptocurrency.
Larsen's XRP Transfer
On July 17, 2025, Chris Larsen transferred 50 million XRP valued at around $175 million to multiple addresses. Of this amount, $140 million was directed to centralized exchanges, raising market concerns.
Community Criticism and Reaction
Noted on-chain investigator ZachXBT criticized the transfer, labeling XRP as a multi-level marketing scheme and describing investors as 'exit liquidity for insiders.' His comments reignited discussions about XRP's structural integrity and the role of executives.
Consequences and Regulatory Concerns
Larsen's actions led to a roughly 9% drop in XRP's price within 24 hours, decreasing from near all-time highs of $3.65 to $3.16. This situation raises questions about Ripple's transparency and the market impact of its executives. Despite the clear risks associated with XRP sales, regulatory bodies have yet to provide comments on Ripple’s executive activities.
Chris Larsen's transfer of a significant amount of XRP highlighted ongoing concerns regarding centralized token management and investor trust, emphasizing the importance of transparency within the company.
