Mass sale of XRP by Ripple co-founder causes abrupt drop and $7.3 M in liquidations on Binance
0-1Today it has been confirmed that a wallet associated with Chris Larsen, co-founder of Ripple, transferred approximately 50 million XRP (≈ $140–$175 million) to exchanges between July 17 and July 24, 2025. This operation caused a drop of almost 10–19% in its price, generating one of the largest long position liquidations on Binance that year, with estimated losses of **$7.3 million**.
The event has raised alarms in the community, as multiple analysts suggest that these sales could continue, further pressuring the price and generating uncertainty about the future behavior of the token.