Ripple Co-Founder Chris Larsen Transfers $175 Million in XRP Amid Market Volatility

Chris Larsen, co-founder of Ripple, has recently moved 50 million XRP tokens, valued at approximately $175 million, to various addresses. This transfer occurred between July 17 and July 23, 2025, coinciding with XRP's price reaching a seven-month high of $3.23. Following the transfer, XRP's price experienced a decline of over 11%, dropping to around $3.09. Despite these movements, Larsen's wallets continue to hold over 2.81 billion XRP, representing about 4.6% of XRP's total market capitalization. The timing of these transactions has raised discussions within the cryptocurrency community regarding potential market impacts and the centralization of XRP holdings. It's important to note that such large transfers are not uncommon among major cryptocurrency holders and can be part of routine asset management strategies. Investors are advised to monitor market trends and exercise caution when interpreting such activities.