Ripple co-founder Chris Larsen has come under scrutiny after a wallet linked to him moved 50 million XRP tokens valued around $175 million. The transaction took place between 17 – 24 July 2025 coinciding with XRP’s recent peak.
This has led the crypto community to accuse Larsen of possibly “dumping” tokens to cash out at a favorable price.
Blockchain investigator ZachXBT highlighted these sizable XRP movements in a post on X (formerly Twitter).
Approximately $140 million worth of XRP was reportedly sent to centralized exchanges or related services, which many interpret as a sign of intent to liquidate holdings.
“Wallets linked to Chris Larsen still hold over 2.81 billion XRP, roughly $8.4 billion in value,” ZachXBT noted.
With XRP trading near $3.09 and boasting a market capitalization of $183 billion, Larsen’s stash alone represents around 4.6% of XRP’s total market value, a volume that could exert considerable sell pressure if moved rapidly.
Crypto Community’s Reaction to Chris Larsen
The timing of Chris Larsen’s transfers raised eyebrows, as XRP had just touched a local high above $3.60 on Friday before slipping below $3.10.
Many community members accused Larsen of offloading large amounts at the peak to capitalize on the rally.
“Chad for dumping on his autistic fan base,” one user wrote sarcastically on X. To which ZachXBT responded, “Game is game.”
Others lamented what they see as a repeated pattern of insider selloffs, questioning how Ripple maintains a top-five ranking in market capitalization despite “predatory dumping” by insiders.
A Different Perspective on Chris Larsen: Decentralization Strategy?
However, not all voices in the crypto space agree with the negative portrayal.
User 0xLouisT suggested the transfers could be a step toward “decentralizing holdings to longer-term investors, promoting fairer distribution of the network’s supply.”
Despite the recent dip, XRP still shows potential for significant gains.
Deputy CEO of Bitpanda Lukas Enzersdorfer-Konrad says that XRP could challenge its 2018 all-time high of $3.84, if market conditions remain favorable and capital continues flowing from Bitcoin into altcoins.
“There’s no unique catalyst solely driving XRP. But broader crypto market momentum will be key to its next move.”
Chris Larsen is yet to address the situation.
