Ripple Co-Founder’s Wallet Moves $109 Million in XRP, Reports On-Chain Analyst

In January 2025, addresses linked to Ripple co-founder Chris Larsen transferred XRP worth over $109 million to centralized platforms, according to crypto detective ZachXBT.

According to ZachXBT, the XRP addresses activated early by Ripple co-founder Chris Larsen still hold more than 2.7 billion XRP (about $7.18 billion). These addresses associated with Larsen transferred more than $109 million of XRP to exchanges in January 2025. Larsen had…

— Wu Blockchain (@WuBlockchain) March 3, 2025

On March 2, U.S. President Donald Trump mentioned XRP alongside SOL and ADA as assets to be added to the national crypto reserve.

According to the specialist, Larsen’s wallets still hold over 2.7 billion XRP, valued at approximately $7.18 billion.

The on-chain analyst highlighted that several addresses had remained inactive for six to seven years.

Jeff Park, head of alpha strategies at Bitwise, noted that including altcoins in the fund risks raising suspicions of insider trading. Carl Moon, founder of The Moon Show, and several other experts have identified signs that may support this hypothesis.

BOB co-founder Dom Hartz noted that scandals surrounding LIBRA, and previously — TRUMP, MELANIA, BARRON, and HAWK, have undermined Solana’s reputation. The network, initially conceived as an “Ethereum killer,” is increasingly associated not with innovation but with fraud, scams, insiders, and pump schemes.

Back in January 2024, ZachXBT reported a theft of $112 million from Larsen following a hack.