Chris Larsen Moves $175M in XRP—Fresh Sell-Off Warnings Loom


Chris Larsen Moves $175M in XRP—Fresh Sell-Off Warnings Loom
Image source: CoinToday
- Ripple co-founder Chris Larsen’s transfer of 50 million XRP, worth $175 million, to exchanges. - Growing concerns of increased selling pressure on XRP following a 13% price correction. Ripple co-founder Chris Larsen sparked warnings among XRP investors after transferring 50 million XRP tokens, worth approximately $175 million, to cryptocurrency exchanges between July 17 and July 24, 2025. This timing coincided with XRP reaching a near all-time high of $3.60 on July 17 before its price corrected by 13%. On July 26, 2025, Cointelegraph reported that these actions triggered accusations of market “dumping.” In a report for the on-chain analytics platform CryptoQuant, contributor J. A. Maartunn cautioned that investors might be serving as “exit liquidity,” advising vigilance amid fears of sustained selling pressure. Meanwhile, analysts note that Larsen’s wallet still holds between 2.58 billion and 2.81 billion XRP tokens, valued at over $8.8 billion. This significant holding represents a large portion of XRP’s market capitalization, and as a result, potential future sales from this wallet could create further downward pressure on the token’s price. Reactions on social media were divided, with some users viewing the transfers as routine profit-taking while others expressed concern that this insider activity could damage investor trust. Notably, these concerns are compounded by reports from January 2025 showing that Larsen moved over $344 million in XRP, which fueled worries about recurrent, large-scale withdrawals from his wallet. These recent transactions have also reignited debates about XRP’s degree of centralization. Critics consistently point to the high concentration of tokens held by Ripple insiders, and these criticisms continue to surface amid ongoing legal and regulatory scrutiny, including the high-profile lawsuit with the U.S. Securities and Exchange Commission (SEC). As of 16:14 UTC on July 26, XRP (XRP) traded at $3.203, a 5.071% decline over the past 24 hours, while its trading volume also dropped by 49.118% during the same period, according to the latest market data.
Article Info
Category
Market
Published
2025-07-26 16:21
NFT ID
PENDING
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