en.bitcoinsistemi.com
Ripple co-founder and chairman Chris Larsen may be preparing to sell again as the $XRP price approaches a new all-time high.
Larsen sent approximately $26 million worth of $XRP to Coinbase earlier this week, according to on-chain data. This transfer brings his total $XRP sent to the exchange since the beginning of the year to close to $40 million.
Transactions from Larsen's public wallet include a transfer of 10 million $XRP on January 6 and 1.5 million $XRP on June 16. According to $XRP Scan data, Larsen also made several transfers to external wallets that facilitate exchanges like Binance. However, it has not yet been confirmed whether these assets were sold.
Larsen sent a total of $344 million worth of $XRP to exchanges and wallets throughout 2025. $XRP is currently trading at $3.26.
Larsen, who founded Ripple in 2013, served as the company's CEO until 2016. He owns approximately 2.6 billion $XRP, worth over $8.5 billion at current prices, bringing his net worth to $9.7 billion, according to Forbes. This is more than three times the $3.2 billion estimate last year.
Ripple has entered a period of rapid growth after securing significant victories in a lengthy legal battle with the U.S. Securities and Exchange Commission (SEC). In June, the parties mutually withdrew their appeals, officially ending the lawsuit, which began in 2019, with a $50 million settlement.
Chris Larsen has been frequently in the news for his $XRP sales in the past. The SEC lawsuit alleges that CEO Brad Garlinghouse sold $150 million worth of $XRP between 2017 and 2020, while Larsen and his wife sold $450 million worth of $XRP during the same period.
*This is not investment advice.