Chris Larsen’s wallet has moved $344 million in XRP to exchanges in 2025, with the latest $26 million transferred to Coinbase.
XRP reached $3.30, just 4% below its all-time high, amid strong futures market activity and increased investor optimism.
Institutional wallets have accumulated over 2.2 billion XRP recently as the ProShares XRP Futures ETF nears its expected launch date.
A significant crypto transfer occurred earlier this week when Ripple co-founder and executive chairman Chris Larsen moved 26 million XRP, worth approximately $26 million, to Coinbase. The transaction was flagged by blockchain monitoring sources and later reported by Wu Blockchain. The wallet linked to Larsen has shown notable activity throughout 2025, raising concerns among market participants about the implications of executive-level transfers.
According to on-chain data, this latest movement is part of a broader pattern seen throughout the year. Since January, Larsen’s wallet has transferred nearly 106 million XRP to various centralized exchanges and auxiliary wallets. At current market value, the total transfers account for about $344 million, signaling sustained selling activity or strategic repositioning of assets.
XRP Price Nears 2018 Record High
The news surfaced at a time when XRP’s price had approached its all-time high of $3.40. On Wednesday, the token briefly touched $3.30 during the Asian trading session. The rally followed growing optimism in the futures markets, where open interest rose to $9.98 billion, marking its highest level since 2021. Strong demand from traders and long positions continues to support the upward trajectory.
https://twitter.com/WuBlockchain/status/1945828141534228859
Despite the outflow from Larsen’s wallet, accumulation trends remain strong among other large holders. Over the past two weeks, institutional and high-net-worth investors have accumulated more than 2.2 billion XRP, according to blockchain analytics. This trend aligns with growing investor confidence in XRP’s short-term prospects, particularly as market speculation surrounds the approval of new financial products.
ProShares XRP Futures ETF Expected Soon
A potential catalyst is the expected launch of the ProShares XRP Futures ETF, scheduled for July 18. Anticipation surrounding the ETF has contributed to XRP’s bullish momentum. The introduction of a futures-based exchange-traded fund could increase market access and liquidity, drawing attention from institutional players.
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