Chris Larsen, co-founder and Executive Chairman of Ripple, has sold approximately 90 million XRP tokens (worth $116 million) since September 2024, with the majority of sales occurring in early 2025. On-chain data reveals a strategic distribution campaign from one of Larsen’s primary wallets, coinciding with XRP’s price surge to multi-year highs.
Breakdown of Larsen’s XRP Sales in 2025
Key Transactions
January 6, 2025
- 10 million XRP transferred to Coinbase.
- Value: **$24 million** (at ~$2.40/XRP).
January 16, 2025
- 20 million XRP sent to an unknown address (later routed to exchanges).
- Value: **$60.5 million** (at ~$3.027/XRP).
January 22, 2025
- 10 million XRP moved to another external address.
- Value: **$31.5 million** (at ~$3.15/XRP).
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Wallet Activity and Holdings
- Current balance: 410 million XRP (from an initial 500 million gifted in 2013).
- Total XRP held across 6 wallets: 2.71 billion XRP.
- Historical context: First major sale occurred in September 2024 (50 million XRP).
Why Now? Market Context
- XRP Price Rally: Tokens sold during a 7-year high (~$3.15 in January 2025).
- Speculation: Sales may signal profit-taking or portfolio rebalancing.
FAQs
Q: How does Larsen’s selling affect XRP’s price?
A: Large sales can create short-term volatility, but XRP’s liquidity and market depth often absorb such movements.
Q: Are Larsen’s sales linked to Ripple’s operations?
A: No—these are personal holdings unrelated to Ripple’s corporate treasury.
Q: Where can I monitor XRP transactions?
A: Use block explorers like XRPScan for real-time wallet activity.
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