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

Written by: Olumide Adesina • Friday, July 25, 2025 • 1 min read

• 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.

ZachXBT, a well-known on-chain investigator, claims that Chris Larsen, co-founder of Ripple, transferred an estimated $140 million worth of XRP to wallets connected to exchanges over the past week.

A wallet linked to Larsen allegedly moved 50 million XRP, or about $161 million, in a series of transactions starting on July 17. Three addresses associated with centralized trading platforms received roughly $140 million of this.

Additionally, 10 million XRP were transferred to two brand-new wallets that had no prior activity, each holding 5 million XRP. Ripple executives have previously faced criticism for their high sales of XRP. The SEC charged CEO Brad Garlinghouse in 2020 with personally selling $150 million worth of XRP from 2017 to 2020. It was also claimed that Larsen and his wife sold off $450 million during that period.

Larsen was recently seen transferring around $30 million worth of XRP to Coinbase on July 18, just before the token hit a new high of $3.65. Amid a broader market correction, XRP has since cooled and is currently trading at about $3.10. Market observers who closely monitor insider movements have speculated about the timing of Larsen’s recent transfers, though the reason remains unclear.

XRP has regained attention, rising to $3.2 and gaining 420% over the past year. On July 18, it reached an all-time high of $3.65, now boasting a market cap of over $190 billion, making it the third-largest crypto by valuation

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ABOUT THE AUTHOR See More

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.