Ripple Co-Founder Shifts $161 Million XRP Amid Market Turbulence

- Chris Larsen transfers 50 million XRP tokens between July 17 and 24. - Market reacts as transactions align with XRP’s all-time high and subsequent dip. Between July 17 and July 24, 2025, Ripple co-founder Chris Larsen transferred 50 million XRP tokens. On July 24, The Block, CryptoSlate, and TheStreet Crypto reported that on-chain investigator ZachXBT flagged these movements, which were valued at approximately $161 million to $175 million. According to the reports, Larsen sent $140 million worth of XRP to addresses linked to cryptocurrency exchanges while also transferring an additional 10 million XRP to two new wallets. The timing of these transfers has raised eyebrows across the cryptocurrency landscape due to their alignment with XRP's market performance. Specifically, Larsen’s transactions coincided with XRP hitting a new all-time high of $3.65 on July 18, followed by a dip to $3.20 by July 24. As a result, market participants have voiced concerns about potential sell-offs by Ripple insiders, particularly since key executives control a centralized supply of XRP. This is not the first time Ripple’s leadership has faced scrutiny over major XRP sales. In a 2020 lawsuit against Ripple Labs, for instance, the U.S. Securities and Exchange Commission (SEC) alleged that CEO Brad Garlinghouse and co-founder Chris Larsen collectively sold $600 million of XRP between 2017 and 2020 and misled investors about their holdings. Although a July 2023 ruling determined that certain sales did not violate securities laws, the SEC’s broader case remains unresolved. Wallets linked to Larsen reportedly still hold about 2.81 billion XRP, valued between $8.4 billion and $9 billion at the time of the transactions. Consequently, his latest moves have reignited debates around insider activity and its broader implications for XRP's market dynamics. According to data from CoinMarketCap on July 24, XRP traded at $3.232 as of 18:08 UTC, which reflected a 0.568% decline in 24-hour volume.