Ripple co-founder Chris Larsen has recently moved 50 million XRP tokens, valued at approximately $175 million, to various addresses. A significant portion of these tokens, around $140 million, was directed to centralized exchanges. This transfer occurred shortly after XRP reached a new all-time high of $3.65, leading to a subsequent price correction. The timing of these transactions has sparked discussions within the cryptocurrency community regarding their potential impact on market dynamics and the concentration of XRP holdings among early insiders.
As of July 26, 2025, XRP is trading at $3.15, reflecting a slight decrease from its recent peak. The market continues to monitor developments related to large-scale transfers and their implications for XRP's price stability and decentralization efforts.