Ripple co-founder and Executive Chairman Chris Larsen moved bigger than 50 million in XRP throughout the last week fair earlier than the token space a anecdote excessive.
Blockchain sleuth ZachXBT posted the whole thing of the movements on X, noting that Larsen had made transactions totaling $175 million to four addresses since July 17. Over $140 million of the money hit exchanges, the investigator acknowledged.
Since July 17, 2025 an address linked to Ripple co-founder Chris Larsen transferred out 50M XRP ($175M) to four addresses.
~$140M ended up at exchanges/services
30M XRP recipient
rPS9kVPbgZF4vXq2hs6s9Xv2754qdRau98
rnQXgGAjqbF4KoBpcBK5YBHyZEL7nGWWoi
10M XRP recipient…— ZachXBT (@zachxbt) July 24, 2025
The transactions came about fair as XRP, the third largest cryptocurrency by market cap, hit $3.65 last week. XRP has since dipped and was once currently trading for $3.25 per coin, in accordance to CoinGecko. It is peaceful up nearly 50% throughout the last month amid a noteworthy broader market upturn spurred by an an increasing selection of favorable political atmosphere for digital sources.
Larsen helped create XRP to succor banks and quite quite lots of financial institutions circulate money throughout borders. Ripple, the fintech company he runs, operates individually from XRP however uses the coin’s blockchain in some of its merchandise.
XRP’s most original excessive came about seven years after its old anecdote. Ripple is now working to succor form White Residence crypto coverage and persuade institutions love broad banks into the utilization of its merchandise.
Ripple and XRP made headlines when the SEC in 2020 hit the fintech with a $1.3 billion lawsuit, alleging that the company provided unregistered securities in the contain of XRP to traders to develop funds.
Then, in 2023, a favor dominated that programmatic sales of XRP on cryptocurrency exchanges to retail traders did now not qualify as securities—extensively interpreted as a catch for the industry.
The lawsuit with the SEC is in the end levels, with Ripple last month announcing that it would fall its attraction to take a ogle at and discover its penalty diminished.
XRP’s Thursday dip coincided with a public alert from Ripple CEO Brad Garlinghouse, who warned the day prior to this that scammers had hijacked YouTube accounts to impersonate Ripple and promote unfounded XRP giveaways.
