- Blockchain records reveal 50 million XRP worth roughly $175 million left Chris Larsen-linked wallets between 17 and 25 July 2025.
- About 80 percent of the tokens reached exchange-facing addresses, raising concern over short-term liquidity and price stability for XRP.
On-chain data confirm a sharp uptick in outbound transfers from 5 wallets tagged to Ripple co-founder Chris Larsen this month.
50M Tokens Exit Larsen-Linked Addresses Within Nine Days
Transaction trackers first flagged a 10 million XRP outflow on 17 July. By 25 July the cumulative tally reached 50 million XRP. Public ledger entries show four main recipient addresses with roughly 40 million XRP routed through exchange hot wallets, indicating potential conversion to fiat or other digital assets. The transfers coincided with XRP’s intramonth high of $3.64 before spot prices retreated toward $3.10.
Analysts note that Larsen’s holdings remain substantial even after the July disposals. Estimates from Messari and on-chain sleuths place his remaining balance near 2.5 billion XRP, equal to about 4.8 percent of total supply.
While the latest movements represent less than one percent of that stake, the timing has drawn scrutiny because prior founder sales sometimes foreshadowed periods of elevated volatility.
Derivative Metrics Signal Traders Bracing for Further Supply
Open interest in XRP-denominated perpetual futures climbed 22 percent in the two sessions following the first wallet alert, suggesting hedge activity rather than outright bullish conviction. Funding rates flipped negative on Binance and OKX, implying that short positions are paying a premium to maintain exposure.
Spot order-book depth within two percent of mid-price shrank by a third over the same window, reinforcing the view that market-makers anticipate additional supply entering exchanges.
Liquidity desks in Singapore and London reported stable institutional flows despite retail jitters. They cautioned, however, that continued founder-linked transfers could steepen the forward curve and widen swap spreads if macro risk sentiment weakens.
For now XRP remains the sixth-largest cryptocurrency with a market capitalisation near $170 billion, but July’s wallet activity has re-opened long-standing questions about founder distributions and their influence on float.
