Blockchain sleuth ZachXBT reported that Ripple co-founder Chris Larsen sent approximately $140 million in XRP to CEX. According to CoinGecko, the token’s price has dropped nearly 9% in the past 24 hours.
Since July 17, 2025 an address linked to Ripple co-founder Chris Larsen transferred out 50M XRP ($175M) to four addresses.
~$140M ended up at exchanges/services
30M XRP recipient
rPS9kVPbgZF4vXq2hs6s9Xv2754qdRau98
rnQXgGAjqbF4KoBpcBK5YBHyZEL7nGWWoi
10M XRP recipient…— ZachXBT (@zachxbt) July 24, 2025
On July 17, Larsen transferred XRP worth $30 million to Coinbase when the altcoin was trading near its all-time high (ATH) of $3.65. Over the following days, the Ripple co-founder sent approximately another $110 million to the exchange.
By the time of writing, the asset’s price had fallen to $3.16.
The community speculated that Larsen is preparing to sell XRP and accused him of dumping the cryptocurrency.
Chad for dumping on his autistic fan base
— retro (@retro) July 24, 2025
“A real man — to sell out his autistic fans,” wrote a user with the nickname Retro.
ZachXBT jokingly responded, saying that “those are the rules of the game.”
Another crypto community member, 0xLouisT, suggested that Larsen is distributing assets among long-term XRP holders to decentralize the XRP Ledger network.
What Lies Ahead for XRP’s Price?
Bitpanda’s Deputy CEO Lukas Enzersdorfer-Konrad believes that XRP still has a chance to surpass its 2018 price record of $3.84. According to him, the token’s future performance primarily depends on market conditions and potential capital shifts from Bitcoin to altcoins, rather than internal factors related to the Ripple project itself.
“XRP shows high sensitivity to the overall market dynamics of altcoins,” the expert told Cointelegraph.
On July 23, the asset surpassed Uber and BlackRock in market capitalization. Analysts have predicted further growth for the asset. According to trader Mikybull Crypto, the cryptocurrency’s next targets are $5 or $8.