Ripple Co-Founder Transfers $26M in XRP to Coinbase Amid Price Rally

Chris Larsen, co-founder of Ripple, has moved $26 million worth of XRP to Coinbase as the cryptocurrency's price surged to $3.25, marking its highest level in seven months. This transaction has sparked speculation about potential selling pressure and strategic portfolio adjustments. Notably, Larsen has transferred over 106 million XRP (worth approximately $344 million) to centralized exchanges this year alone. While his exact motives remain undisclosed, the timing aligns with XRP's recent price rally, leading to discussions about market dynamics and large holder behavior. The move highlights the ongoing activity of major stakeholders in the crypto space and their potential influence on market trends.

Ripple Co-Founder Moves $26M in XRP to Coinbase Amid Price Surge

Chris Larsen, co-founder of Ripple, transferred $26 million worth of XRP to Coinbase as the cryptocurrency surged to $3.25, its highest level in seven months. The transaction has sparked speculation about potential selling pressure and strategic portfolio adjustments.

Larsen has moved over 106 million XRP ($344 million) to centralized exchanges this year. While his motives remain undisclosed, the timing suggests a possible sell-off or diversification strategy. Coinbase's liquidity and security likely facilitated the large-scale transfer.

The MOVE comes as XRP nears its all-time high of $3.40. Larsen's net worth has grown from $3.2 billion in 2024 to $10 billion in 2025, with XRP's appreciation being a significant factor.

Ethereum Hits 2025 Highs: Whales and ETFs Fuel Breakout

Ethereum surged past $3,600 this week, marking a 20% gain in just three days. The rally followed a decisive breakout above the $3,325 resistance level, confirming a bullish triangle pattern that had been forming since early 2024. At press time, ETH trades at $3,617, up 3.94% on the day.

Technical indicators flash conflicting signals. The RSI sits at 85.53—deep in overbought territory—while MACD shows relentless upward momentum. Such extreme conditions typically precede either accelerated rallies or sharp corrections. Market structure remains undeniably bullish, with consecutively higher highs and lows throughout July.

Institutional demand appears to be driving the move. ETF inflows and Coinbase's persistent premium suggest U.S. investors are accumulating aggressively. The question now isn't whether ethereum is bullish, but whether current prices have outstripped short-term fundamentals.