Recent movements of XRP from a wallet linked to Ripple co-founder Chris Larsen have captured the attention of the crypto community and raised speculations about their impact on the market.
Large XRP Transfers by Chris Larsen
According to blockchain data, since July 17, 2025, a wallet connected to Chris Larsen has transferred 50 million XRP, worth approximately $175 million, to four different addresses.
$140 Million XRP Flowing to Exchanges
Out of the total transferred amount, about $140 million worth of XRP has reached centralized exchanges or associated platforms. This has led to speculation that the tokens may be intended for liquidation, institutional deals, or strategic movement to custodial wallets.
Significance of New Wallets
Interestingly, part of the transfer—10 million XRP in total—went to two previously unseen wallet addresses, each receiving 5 million XRP. These could represent new custodial accounts, cold wallets, or potential business partners.
While Ripple has not issued any public statements regarding these transfers, the movements have reignited debates around token transparency, insider activity, and the concentration of XRP holdings among Ripple’s early team members.
