On-chain analyst ZachXBT noted that since July 17, a wallet long associated with Ripple co-founder Chris Larsen has transferred 50 million XRP, which appears to have transferred about $140 million of these tokens to three addresses associated with the trading platform, and 10 million XRP was deposited into two newly created wallets. The address controlled by Chris Larsen still holds about 2.81 billion XRP, worth about $9 billion.
The SEC previously sued Ripple in 2020 alleging that CEO Brad Garlinghouse personally cashed out $150 million in XRP over a three-year period. The SEC also alleged that Larsen and his spouse also sold $450 million worth of tokens between 2017 and 2020.
Ripple Chris Larsen has transferred approximately $140 million worth of XRP to the trading platform in the past 7 days.
2025-07-24 17:14:45
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