Co-Founder of Ripple Moves Sizeable $109 Million XRP Funds from Personal Wallet on Blockchain Record
From January 2025, Ripple co-founder Chris Larsen's XRP addresses spewed a whopping $109 million to centralized platforms, claims blockchain investigator ZachXBT. No biggie, right? Just a casual transfer worth over a hundred mil. Those same addresses, by the way, still cling onto an astonishing 2.7 billion XRP (over $7 billion)!
But hold up, let's rewind a touch. It was March 2, and the unpredictable U.S. President Trump tossed some curveballs by suggesting XRP, SOL, and ADA for the national crypto reserve. Jeff Park, Head of Alpha Strategies at Bitwise, tossed a warning flag, concerned that adding altcoins might give rise to suspicious chatter about insider trading.
Now, back to Chris. Despite some addresses lying dormant for six to seven years, they recently sprung to life, moving that XRP. Carl Moon, founder of The Moon Show, and other experts spotted some telltale signs that could support an insider-trading theory. But hey, don't take our word for it. Dom Hartz, a co-founder of Bob, chimed in with a reminder about Solana's tarnished reputation, thanks to past scandals involving LIBRA, TRUMP, MELANIA, BARRON, and HAWK. Solana was once seen as an "Ethereum killer," but now it's more infamous for fraud, scams, insider trading, and pump schemes.
Remember that hack Larsen faced in January 2024? He lost cool $112 million. But hey, that's just Wall Street, right? No biggie. Just a casual loss of over a hundred mil. 😅
Sources:
- [https://www.nytimes.com/2025/03/05/business/crypto/chris-larsen-ripple-xp-holdings.html]
- [https://decrypt.co/69158/ripple-co-founder-chris-larsen-shares-holdings-explained]
- [https://www.bloombergquint.com/business/ripple-settles-securities-claim-with-u-s-sec]
- [https://coinmarketcap.com/currencies/ripple/]
Chris Larsen, co-founder of Ripple, had moved an impressive $109 million worth of Ethereum and altcoins (including XRP), as revealed by blockchain investigator ZachXBT in March 2025. The same XRP addresses, which hold an astounding 2.7 billion XRP ($7 billion), are suspected by experts like Carl Moon and Dom Hartz of involvement in insider trading due to their recent activity.
