25.07.2025 09:48

Following a surge to an all-time high of $3.65, Ripple co-founder Chris Larsen moved a substantial amount of XRP, valued between $140 million and $175 million, to cryptocurrency exchanges. This significant transaction prompted a market reaction, with XRP's price experiencing a double-digit drop exceeding 10%, plummeting from its peak to approximately $3.09.

Despite this large transfer, Larsen maintains a considerable holding of XRP. Estimates suggest he still controls a staggering 2.6 to 2.81 billion XRP tokens, representing a portfolio worth more than $8 billion at current prices. This underscores the magnitude of his remaining investment in the cryptocurrency.

On-chain data pinpoints the period of these transfers to between July 17th and 24th, a timeframe that coincided with the aforementioned price peak and subsequent decline. The timing of these transactions has naturally sparked speculation and analysis within the cryptocurrency community. The correlation between Larsen's actions and the subsequent price drop raises questions about the potential impact of large-scale XRP movements on market sentiment. Further investigation is needed to fully understand the implications of this event. Information sourced from internet resources indicates a strong connection between the transfers and the price fluctuation.