{"id":25558,"date":"2025-07-24T15:36:59","date_gmt":"2025-07-24T12:36:59","guid":{"rendered":"https:\/\/forklog.com\/en\/ripple-co-founder-chris-larsen-accused-of-xrp-dumping-by-crypto-community\/"},"modified":"2025-07-24T15:36:59","modified_gmt":"2025-07-24T12:36:59","slug":"ripple-co-founder-chris-larsen-accused-of-xrp-dumping-by-crypto-community","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ripple-co-founder-chris-larsen-accused-of-xrp-dumping-by-crypto-community\/","title":{"rendered":"Ripple Co-Founder Chris Larsen Accused of XRP Dumping by Crypto Community"},"content":{"rendered":"<p>Blockchain sleuth ZachXBT reported that Ripple co-founder Chris Larsen sent approximately $140 million in XRP to <span data-descr=\"centralized exchanges\" class=\"old_tooltip\">CEX<\/span>. According to <a href=\"https:\/\/www.coingecko.com\/ru\/%D0%9A%D1%80%D0%B8%D0%BF%D1%82%D0%BE%D0%B2%D0%B0%D0%BB%D1%8E%D1%82%D1%8B\/xrp\">CoinGecko<\/a>, the token&#8217;s price has dropped nearly 9% in the past 24 hours.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Since July 17, 2025 an address linked to Ripple co-founder Chris Larsen transferred out 50M XRP ($175M) to four addresses.<\/p>\n<p>~$140M ended up at exchanges\/services<\/p>\n<p>30M XRP recipient<br \/>rPS9kVPbgZF4vXq2hs6s9Xv2754qdRau98<br \/>rnQXgGAjqbF4KoBpcBK5YBHyZEL7nGWWoi<br \/>10M XRP recipient\u2026<\/p>\n<p>\u2014 ZachXBT (@zachxbt) <a href=\"https:\/\/twitter.com\/zachxbt\/status\/1948277287033409710?ref_src=twsrc%5Etfw\">July 24, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On July 17, Larsen <a href=\"https:\/\/forklog.com\/en\/news\/ripple-co-founder-transfers-30-million-in-xrp-ahead-of-all-time-high\">transferred<\/a> 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.\u00a0<\/p>\n<p>By the time of writing, the asset&#8217;s price had fallen to $3.16.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"604\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/image1-641-1024x604.png\" alt=\"image1\" class=\"wp-image-262590\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/image1-641-1024x604.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/image1-641-300x177.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/image1-641-768x453.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/image1-641-1536x907.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/image1-641.png 1999w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly chart of XRP\/USDT on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3AXRPUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>The community speculated that Larsen is preparing to sell XRP and accused him of dumping the cryptocurrency.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Chad for dumping on his autistic fan base<\/p>\n<p>\u2014 retro (@retro) <a href=\"https:\/\/twitter.com\/retro\/status\/1948279656374809078?ref_src=twsrc%5Etfw\">July 24, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cA real man \u2014 to sell out his autistic fans,\u201d wrote a user with the nickname Retro.<\/p>\n<\/blockquote>\n<p>ZachXBT jokingly responded, saying that \u201cthose are the rules of the game.\u201d<\/p>\n<p>Another crypto community member, 0xLouisT, <a href=\"https:\/\/x.com\/0xLouisT\/status\/1948290871146803492\">suggested<\/a> that Larsen is distributing assets among long-term XRP holders to decentralize the XRP Ledger network.<\/p>\n<h2 class=\"wp-block-heading\">What Lies Ahead for XRP&#8217;s Price?<\/h2>\n<p>Bitpanda&#8217;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&#8217;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.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cXRP shows high sensitivity to the overall market dynamics of altcoins,\u201d the expert told <a href=\"https:\/\/cointelegraph.com\/news\/xrp-price-decline-reversal-new-all-time-highs-possible-bitpanda\">Cointelegraph<\/a>.\u00a0<\/p>\n<\/blockquote>\n<p>On July 23, the asset <a href=\"https:\/\/forklog.com\/en\/news\/xrp-surpasses-uber-and-blackrock-in-market-capitalisation\">surpassed<\/a> Uber and BlackRock in market capitalization. Analysts have predicted further growth for the asset. According to trader Mikybull Crypto, the cryptocurrency&#8217;s next targets are $5 or $8.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Blockchain sleuth ZachXBT reported that Ripple co-founder Chris Larsen sent approximately $140 million in XRP to CEX. According to CoinGecko, the token&#8217;s price has dropped nearly 9% in the past 24 hours.<\/p>\n","protected":false},"author":1,"featured_media":25557,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1354,112],"class_list":["post-25558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-chris-larsen","tag-ripple"],"aioseo_notices":[],"amp_enabled":true,"views":"91","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/25558","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=25558"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/25558\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/25557"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=25558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=25558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=25558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}