Ripple co-founder moves $140M in XRP to exchanges amid historic rally originally appeared on TheStreet.
Chris Larsen, co-founder of Ripple, has moved an estimated $140 million worth of XRP to exchange-linked wallets over the past week, according to well-known onchain investigator ZachXBT.
Starting July 17, a wallet associated with Larsen reportedly transferred 50 million XRP — worth approximately $161 million — in a series of transactions. Of this, about $140 million was funneled into three addresses connected to centralized trading platforms. Another 10 million XRP was sent to two newly created wallets, each holding 5 million XRP and showing no prior activity.
This isn’t the first time Ripple executives have come under scrutiny for large XRP sales. In 2020, the SEC accused CEO Brad Garlinghouse of personally selling $150 million worth of XRP between 2017 and 2020. Larsen and his spouse were also alleged to have offloaded $450 million during the same period.
Larsen was recently seen moving roughly $30 million in XRP to Coinbase just as the token hit a new high of $3.65 on July 18. XRP has since cooled, now trading around $3.20 amid a broader market correction.
While the motive behind Larsen’s latest transfers is unconfirmed, the timing has drawn speculation from market watchers keeping a close eye on insider movements.
XRP price surges to $3.22
XRP has surged back into the spotlight, rallying to $3.22 and marking a 419.6% gain over the past year. The token hit an all-time high of $3.65 on July 18 and now boasts a market cap of over $190 billion, placing it firmly as the third-largest crypto by valuation.
Trading volume for XRP soared to $15.5 billion in the past 24 hours, with major exchanges like Binance and Coinbase reporting strong activity. The token’s rise comes amid broader bullish sentiment across the crypto market, with Bitcoin dominance holding near 60% and total crypto market cap climbing to $3.96 trillion.
Ripple co-founder moves $140M in XRP to exchanges amid historic rally first appeared on TheStreet on Jul 24, 2025
Also Read: Wordle hints today for #1,497: Clues and answer for Friday, July 25
