Chris Larsen transferred $26M in XRP to Coinbase.
His wallet has moved 106M XRP since January.
XRP recently surged near its all-time high of $3.40.
Ripple co-founder Chris Larsen has made headlines again with a large crypto transaction that has the XRP community buzzing. This week, Larsen’s wallet transferred nearly $26 million worth of XRP to Coinbase, a move that’s sparking speculation about whether he’s preparing to sell during XRP’s recent bullish run.
This transaction is part of a broader pattern. Since the start of 2025, Larsen’s wallet has moved around 106 million XRP—a significant volume that has drawn attention from traders, analysts, and enthusiasts alike.
XRP Hits a 7-Month High
The timing of this latest transfer is particularly notable. XRP has been on a bullish trajectory, recently reaching a seven-month high and inching closer to its all-time high of $3.40. While the exact reason behind the surge is unclear, increased investor optimism, legal clarity surrounding Ripple’s ongoing SEC battle, and growing adoption could all be contributing factors.
Given the upward momentum, many are wondering whether Larsen is looking to capitalize on the gains, or simply repositioning his holdings. So far, there’s no confirmation that the transferred funds have been sold.
Ripple co-founder Chris Larsen’s crypto wallet transferred approximately $26 million worth of XRP to Coinbase this week. It remains unclear whether the funds have been sold. Since the beginning of the year, the wallet has transferred a total of around 106 million XRP. XRP…
— Wu Blockchain (@WuBlockchain) July 17, 2025
What This Means for XRP Holders
Large transfers from prominent figures like Chris Larsen often raise concerns about market dumping, but it’s important to remember that not all wallet movements mean a sale. Transfers to exchanges can indicate liquidity planning, tax management, or even internal company operations.
Still, with XRP gaining traction and whale wallets becoming more active, traders should keep a close watch. If more such transfers occur, they could affect short-term price dynamics—even if long-term fundamentals remain strong.
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