Ripple founder dumps XRP Worth $140 Million
ZachXBT, a well-known on-chain investigator, claims that Chris Larsen, co-founder of Ripple, transferred an estimated $140 million
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Last updated: Friday, July 25, 2025
Quick overview
- ZachXBT reports that Chris Larsen transferred approximately $140 million worth of XRP to exchange-connected wallets in the past week.
- Larsen's wallet moved 50 million XRP in transactions starting July 17, with three addresses linked to centralized trading platforms receiving the bulk of the funds.
- Recent transfers included $30 million worth of XRP to Coinbase just before the token peaked at $3.65, raising speculation about the timing.
- XRP has surged 420% over the past year, reaching an all-time high of $3.65 on July 18, and currently holds a market cap of over $190 billion.
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ABOUT THE AUTHOR
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Olumide Adesina
Financial Market Writer
Olumide Adesina is a French-born Nigerian financial writer. He tracks the financial markets with over 15 years of working experience in investment trading.
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