Larsen’s XRP Cash-Out: A $26 Million New Year’s Gift?

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Chris Larsen, the co-founder of Ripple, is at it again 🤑. He’s been trading large volumes of XRP
XRP
$3.06

24h volatility: 5.1% 📊

Market cap: $180.66 B 💸

Vol. 24h: $6.85 B 📈

, and the cryptocurrency is approaching its highest price level in over seven years. Because, you know, seven years is a long time in crypto years 🤯. Market watchers are closely following the trend, with fresh attention now on Larsen’s recent transfer of millions of dollars in XRP. Because who doesn’t love a good whale watching tour? 🐳

$26 Million XRP Moved to Coinbase as Price Surges

According to a recent report by DLNews, a wallet linked to Chris Larsen transferred $26 million worth of XRP to Coinbase on July 15. This move came as XRP climbed to $3.25, just a little less than its all-time high of $3.40, which was last reached in January 2018. Ah, the good old days 📆.

It’s worth noting that after that, Coinspeaker reported that XRP had surged by nearly 30% 🚀. The rise came ahead of the expected launch of the ProShares XRP ETF, which has added more attention to the asset. Notably, the timing of Larsen’s transfer has raised questions among market watchers. Because, you know, timing is everything in crypto ⏰.

2.1% 📊

Market cap: $2.38 T 💸

Vol. 24h: $49.42 B 📈

hit a new all-time high of $122,838 a few days earlier. Because, you know, Bitcoin is the OG cryptocurrency 👑.

Larsen’s XRP movements come at a time when the asset is among the top weekly gainers in the market. According to a report by Coinspeaker, crypto expert Ali Martinez shared that large investors have picked up 2.2 billion XRP over the past two weeks. Following this development, some market analysts believe XRP could reach a new all-time high later on this year. Because, you know, the sky’s the limit 🌟.

Larsen’s Wealth and Ripple’s Position in the Crypto Market

Chris Larsen remains a key figure in the cryptocurrency space. He co-founded Ripple in 2013 to improve cross-border payments using blockchain technology. Because, you know, blockchain is the future 🔮.

Although he stepped down as CEO in 2016, he continues to serve as executive chairman. Larsen holds around 2.6 billion XRP, now worth approximately $8.3 billion. His total net worth, according to Forbes, has increased to $9.7 billion from $3.2 billion the previous year. Because, you know, being a crypto billionaire is a thing now 💸.

In addition to his business dealings, Chris Larsen is known for his political donations. In late 2024, he contributed $1 million worth of XRP to a super PAC supporting former Vice President Kamala Harris’ campaign. He has also supported other Democratic figures in the past. Because, you know, politics and crypto are a thing now 🤝.

It’s worth noting that Ripple has made significant strides in 2025. Take, for example, XRP, which recently overtook Tether’s USDT
USDT
$1.00

24h volatility: 0.1% 📊

Market cap: $160.06 B 💸

Vol. 24h: $131.90 B 📈

to become the third-largest cryptocurrency by market capitalization. As of writing, the coin was priced at $3.248, up 9.57% in 24 hours. Because, you know, XRP is on fire 🔥.

In an earlier report, Coinspeaker stated that Ripple has also applied for a US national banking license with the Office of the Comptroller of the Currency (OCC). Because, you know, being a bank is cool 🏦.

Meanwhile, a Nasdaq-listed Chinese firm, Webus International, has committed $300 million toward building an XRP treasury. If anything, Chris Larsen’s strategic asset movements highlight the evolving landscape for XRP and Ripple, as both entities continue to shape the global digital currency space. Because, you know, the future is now 🕰️.

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2025-07-17 20:10