Ripple co-founder Chris Larsen has moved 50 million XRP worth $175 million to four separate wallets since July 17, 2025. The series of transactions have sent shockwaves through the crypto market as a substantial portion has been sent to various cryptocurrency exchanges.
On-chain analyst ZachXBT flagged the activity, showing that $140 million of the transferred tokens flowed into exchange-linked wallets.
The remaining 10 million XRP went to two newly created addresses. These moves happened as XRP’s price fell sharply, currently trading at $3.09 with a daily volume exceeding $17 billion, according to CoinMarketCap.
This large transfer triggered strong reactions online. Many accused Larsen of cashing out during a market downturn. One user criticized him for “dumping,” while others questioned Ripple’s top-five crypto ranking.
While there were certainly some negative reactions, not everyone was against Larsen’s approach. Supporter pointed out that he intended to redistribute his holdings in a way that would encourage decentralization. The user argued that this move could boost the network over time.
Chris Larson has not issued an official statement or provided any disclosure on any social media platform, leaving the community to speculate on whether the funds are intended for personal gains or philanthropic endeavors.
Price Reaction and Market Sentiment
DigitalG, a popular X user, claimed such actions feed a psychological selloff loop. According to him, this strategy targets retail investors to panic-sell at manipulated price points. Besides, he remained bullish, predicting XRP’s long-term value could reach thousands per token.
Additionally, XRP’s large movements often attract scammers. Ripple CEO Brad Garlinghouse warned users about fake YouTube channels pretending to be Ripple. He urged the community to report scams and stay alert. Ripple also reminded users that they never request XRP or promote giveaways.
Also Read: XRP Drops 11% to $3.10 Despite Nature’s Miracle $20M Investment
