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Ripple’s Chris Larsen’s XRP Move to Coinbase Fuels Market Speculation: Details
The crypto community is abuzz with speculation following a large transaction from Ripple cofounder and executive chairman Chris Larsen’s crypto wallet. According to Wu Blockchain, Larsen recently transferred approximately $26 million in XRP to Coinbase, sparking concerns about potential selling pressure and market intent.
The transaction occurred earlier this week, where Larsen’s wallet moved 26 million XRP to the major US exchange. Although it remains unclear whether the funds have been sold, such high-profile transactions often stir market reactions, particularly when they involve executive-level wallets.
This is not the first time Larsen’s wallet has seen activity in 2025. Since the start of the year, it has transferred a total of nearly 106 million XRP to centralized exchanges and auxiliary wallets. The news comes at a time when XRP is nearing its all-time high, having recently climbed to bring it close to $3.30.
The recent price movement has attracted both retail and institutional interest, making any large transactions particularly impactful on market sentiment.
Source: u.today
