Ripple Co-Founder's XRP Transfers Prompt Market Reactions

Ripple co-founder Chris Larsen has recently moved a significant amount of XRP tokens, drawing attention from the cryptocurrency community. Between July 17 and July 24, 2025, Larsen's wallet transferred 50 million XRP, valued at approximately $175 million, to four different addresses. Notably, around $140 million of this amount was directed to centralized cryptocurrency exchanges. These transactions coincided with XRP reaching a seven-year high of $3.65 on July 18, before experiencing a subsequent decline. The timing of these transfers has led to discussions about potential market implications and concerns regarding the concentration of XRP holdings among early insiders. Larsen's wallet still holds over 2.81 billion XRP, representing a significant portion of the token's total market capitalization. The cryptocurrency community continues to monitor these developments closely, considering their potential impact on market dynamics and investor sentiment.