Ripple co-founder Chris Larsen has transferred 50 million XRP (worth $175 million) since July 17, 2025, sparking widespread speculation in the crypto space. On-chain sleuth ZachXBT flagged the movements, revealing that $140 million flowed directly into exchange-linked wallets — a red flag for many investors.
The remaining 10 million XRP were moved to two newly created wallets, with no clear explanation from Larsen. These transactions coincided with a sharp decline in XRP’s price, now trading at $3.09, with daily volume soaring above $17 billion.
Social media erupted with mixed reactions. Some users accused Larsen of “dumping” during a downturn, potentially manipulating the market. Others defended him, suggesting the redistribution supports decentralization and might benefit the XRP ecosystem long term.
Prominent X user DigitalG warned that such moves can fuel psychological panic-selling, particularly among retail investors. Still, he remained optimistic, predicting XRP’s long-term value could reach the thousands.
Meanwhile, Ripple CEO Brad Garlinghouse reminded the community to stay vigilant as large transfers often attract scammers. He emphasized that Ripple never promotes giveaways or asks for XRP transfers. As Larsen remains silent, speculation continues around the intent behind this major shift in XRP holdings.
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