Ripple Co-Founder Sparks XRP Panic With $175M Transfer

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Ripple Co-Founder Sparks XRP Panic With $175 Million Transfer

Written by Aaron S.,

Editor-In-Chief

Last Updated: July 24, 2025

Key Takeaways

Chris Larsen moved 50 million XRP during a local price high, which raised fears of a planned sell-off;
ZachXBT said $140 million of the XRP went to exchanges, a common sign of intent to cash out;
With 2.81 billion XRP still in Larsen-linked wallets, users worry about the future market impact.

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Ripple Co-Founder Sparks XRP Panic With $175 Million Transfer

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Chris Larsen, a co-founder of Ripple, has drawn attention after a wallet connected to him moved 50 million XRP XRP $3.08 , worth around $175 million, between July 17 and July 24.

The transactions happened just as XRP reached a recent high, which led to concerns from the crypto community about a possible sell-off.

ZachXBT, a blockchain investigator, stated in a post on X that about $140 million of the transferred XRP was sent to exchanges or related platforms. This often suggests an intent to sell, though no direct confirmation has been made.

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Many users online saw the transfer as a sign that Larsen might be selling at the top. ZachXBT replied in a follow-up post, "Game is game".

ZachXBT also pointed out that wallets linked to Larsen still hold more than 2.81 billion XRP, valued at about $8.4 billion. With XRP’s current market cap at $183 billion, his holdings make up nearly 5% of the total value.

Some users expressed frustration over what they see as a pattern. They argued that high-ranking crypto projects often see big holders selling during strong market moves while still keeping their spot on the top tokens list.

One X user asked how Ripple remains a leading project despite what they called repeated "insider dumping".

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