July 17, Ripple co-founder Chris Larsen transferred $30,000,000 worth of XRP to the Coinbase exchange, and the very next day the coin set a historical maximum of $3.65 - since the beginning of 2025, he has transferred $344,000,000 worth of XRP to the exchanges.

Currently, Larsen owns about 2.6 billion XRP - this is more than $8.5 billion at the current exchange rate, and his fortune is estimated by Forbes at $9.7 billion.