Ripple Co-Founder Chris Larsen’s Recent Transaction Raises Concerns Within the XRP Community
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Chris Larsen’s recent transaction has raised concerns within the XRP community. On July 17, 2025, Larsen transferred a staggering $26 million worth of XRP to Coinbase, further fueling speculation about his intentions behind these massive sales.
This latest transfer marks another milestone in Larsen’s ongoing XRP sale spree, bringing his total XRP transactions this year to over $106 million. As the co-founder and chairman of Ripple, Larsen still holds a significant amount of XRP tokens, with 332.5 million being retained by him. This massive holding accounts for approximately 4.39% of XRP’s circulating supply.
It is notable that Larsen has continued to direct these large transactions to Coinbase, which could indicate his plans for future sales. The recent surge in XRP price, currently trading at $3.23 with a substantial 7% increase within the past 24 hours, raises questions about the potential impact of his selling patterns on the market.
Despite this activity, XRP’s value has seen a remarkable surge to its seven-month high. This development could be attributed to the ongoing growth and adoption in the cryptocurrency market, driven by recent institutional demand and regulatory updates.
Source: coincentral.com
