Coinbase Sees $26 Million XRP Influx as Ripple Co-Founder’s Massive Transfer Sparks Market Jitters

XRP faced significant bearish pressure on July 26, 2025, after Ripple co-founder Chris Larsen moved 50 million tokens worth $170 million. Blockchain data showed the funds were distributed across four wallets, with 40 million XRP routed to exchange-linked addresses. A subsequent $26 million deposit to Coinbase intensified selling pressure, leaving the altcoin struggling below the critical $3.25 resistance level. This large-scale transfer has raised concerns among investors about potential further sell-offs and market volatility.

XRP Faces Bearish Pressure After Ripple Co-Founder Moves $170 Million in Tokens

Ripple's XRP slumped sharply as co-founder Chris Larsen executed a 50 million token transfer worth $170 million, sparking investor anxiety. Blockchain data reveals the funds were split across four wallets, with 30 million and 10 million XRP routed to exchange-linked addresses. A subsequent $26 million deposit to Coinbase amplified selling pressure.

The altcoin now struggles below the critical $3.25 resistance level, with technical indicators painting a mixed picture. Market sentiment has turned cautious as traders watch the $3.04 support level for signs of further downside.

Market Volatility Highlights Diverging Crypto Trends as BlockDAG Gains Developer Traction

Hyperliquid's native token (HYPE) dipped 2.39% to $42.83 amid waning market sentiment, compounded by Coinbase's entry into regulated perpetual futures—a direct challenge to Hyperliquid's dominance in decentralized derivatives. Technical indicators turned bearish as price slipped below key moving averages.

Dogecoin faced sharper losses, tumbling 11% as traders abandoned meme coins for assets with clearer utility. The selloff reflects growing skepticism toward tokens lacking ecosystem development, with liquidity shifts exposing speculative positions.

BlockDAG emerges as a counterpoint, attracting 4,500+ developers to build 300+ Web3 projects. Its $351 million raise and 24.3 billion BDAG coins sold signal institutional interest shifting from pure trading platforms to protocol ecosystems with tangible adoption metrics.