Key Insights:
- Ripple co-founder Chris Larsen has moved $26 million in XRP to Coinbase, and is likely engaging in a selling spree
- Larsen has offloaded over 106 million XRP this year, but still holds a $1 billion in stake.
- XRP surged to $3.6 this week, and is eyeing massive highs from here.
Ripple co-founder Chris Larsen has once again made headlines, after moving $26 million worth of XRP to Coinbase earlier this week. This latest transfer comes amid a strong market rally that has seen XRP jump more than 32% in a matter of days to $3.6.
While Larsen hasn’t publicly confirmed that he has sold these tokens, his transfer of these tokens is largely being interpreted as a bearish move. Here are some details to be aware of.
Larsen’s XRP Selling Spree
On-chain data shows that Larsen has been gradually reducing his XRP holdings over the past several months. His wallet began transferring significant amounts of XRP in January, after starting with 40 million tokens worth $116 million at the time.
Since then, transactions have followed a pattern. The XRP is usually sent to Coinbase or other auxiliary wallets, likely to be sold. As of mid-July, Larsen’s wallet has sent over 106 million XRP to various destinations.
Even after these sales, Larsen still stands as one of XRP’s largest holders. His main wallet still contains more than 332 million tokens, and is currently valued at over $1 billion.
That figure accounts for 4.39% of XRP’s circulating supply, which is enough to cause an XRP crash if liquidated too quickly.
XRP Defies Sell Pressure and Nears All-Time High
XRP’s strong performance as of late, has been driven by more than just speculation.
The crypto market as a whole is currently experiencing a surge in interest after the recent passage of the GENIUS Act in the U.S. This has created more regulatory clarity around digital assets, and the market is likely green because of this development.
Bitcoin and Ethereum have both posted double-digit gains, but XRP has outperformed either in the short term. For example on July 14, Bitcoin hit a record high of $122,838.
XRP followed closely behind and climbed to $3.25, which is the highest it’s been in more than seven months. At the time of writing, the asset now trades at around $3.6 and is now one of the best-performing top-100 assets so far.
Interestingly, Larsen’s consistent selling hasn’t yet triggered a price correction. At least, not yet.
Ripple’s Regulatory Moves and Business Growth
Ripple has recently enjoyed massive growth so far. The company has been making a series of calculated moves to solidify its position in the financial space.
For example, in early July, Ripple and Circle jointly applied for U.S. National Trust Bank charters. This means that if approved, this would bring both firms under federal banking oversight.
Ripple National Trust Bank.
Are you read for what is coming? #XRP pic.twitter.com/dX8iObnA4o
— JackTheRippler ©️ (@RippleXrpie) July 13, 2025
In other developments, Ripple’s footprint is also expanding. Earlier in June, Chinese firm Webus International announced plans to build a $300 million XRP treasury, according to a filing with U.S. regulators.
In addition to this momentum, Ripple recently dropped its appeal in a long-standing legal battle with the U.S. SEC. Analysts believe this decision clears the path for an XRP ETF which could further increase institutional interest in the token. Overall, as the token flirts with new highs and Ripple pushes further into the finance space, all eyes remain on what comes next.
