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Chris Larsen, a co-founder of Ripple, transferred 50 million XRP to exchanges, prompting claims of “insider dumping” and raising concerns among investors about the potential for “exit liquidity.”

Larsen still owns more than 2.5 billion XRP, valued at about US$8.83 billion, despite the recent transfer. This fuels worries about potential future sell-offs that could heavily impact the price. Although XRP has been one of the better-performing altcoins over the past 30 days, its price has fallen around 13% from its recent peak due to wallet activity.

Now that Chris Larsen is moving millions of tokens again, some members of the XRP community believe Ripple executives are once again taking advantage of their investors.
The transfers were first reported on July 17, after XRP surged to a new all-time high of $3.65.

Dissatisfaction on social media is clear, with many accusing the move of being a calculated attempt to profit at the peak. Critics are skeptical, while others see it as routine profit-taking. CryptoQuant Maartunn warned on X that the outflow is just part of a bigger threat. He stated that Chris Larsen still owns 2.58 billion $XRP, worth $8.83 billion.

“What comes next if $200 million was only a warm-up?” His warning was quite clear. “Avoid being abandoned. Avoid providing liquidity for exits. Keep yourself safe.”

An on-chain chart showing the wallet’s XRP balance over time was shared alongside Maartunn’s comments, emphasizing how the 50 million token move had little impact on the overall stash. It goes without saying that if Larsen continues to offload, much more sell-side pressure could follow.