Ripple Co-Founder Chris Larsen Shocks Market: Dumps $26M in XRP to Coinbase Amid Price Rally
Ripple's co-founder just made a power move—while XRP bulls cheer the token's surge, Chris Larsen quietly shifted $26 million worth to Coinbase. Timing is everything, or just another 'smart money' play?
Market watchers are split: Is this a strategic exit or just profit-taking? The transfer lands as XRP rides its latest wave, leaving retail traders to wonder if they're late to the party—again.
Wall Street would call it 'liquidity management.' Crypto Twitter? Probably 'another whale dumping on the little guys.' Either way, the blockchain doesn't lie—those coins just hit an exchange.
Recently, Ripple co-founder Chris Larsen transferred $26 million worth of XRP to Coinbase, the world’s largest custodian of Bitcoin. The move took place at the time when XRP traded at $3.25, its highest level in over seven months. The transaction sparked concerns about potential selling pressure.
Why Did Chris Larsen Send $26 million worth of XRP to Coinbase
Since the beginning of the year, Larsen has moved over 106 million XRP, worth approximately $344 million, to various centralized exchanges. While there is no definitive reason publicly stated by Larsen, several factors can give justification for the transfer.
Amid XRP’s significant price surge, nearing its all-time high of $3.40, Ripple’s CEO moves his transaction to Coinbase, indicating a potential sale.
This move also indicates that Larsen is planning a strategic adjustment to his crypto portfolio, diversifying investments or preparing for other opportunities. It also demonstrates Coinbase’s stability and key management controls to provide easy access to liquidity, allowing for quick sale for the investor.
Ripple’s Co-Founder’s XRP Holdings in 2025
In 2024, Larsen’s net worth was $3.2 billion, which significantly increased in 2025 to $10 billion as net worth. One of the primary factors for this rapid growth is the price surge of XRP. Crypto wallets linked to Ripple’s co-founder currently hold 2.6 billion XRP, worth at least $8.3 billion.
While the Ripple leader boosted his income, the company applied for a US National Trust Bank Charter. If approved, Ripple will directly come under federal supervision, enhancing its power as a crypto exchange.
Final Thought
Ripple is continuously stretching its reach to global crypto users. As of 2025, it has broadened its efforts to align with global standards to integrate a traditional financial system with digital assets. The platform is developing technologies like RippleNet and XRP Ledger, while facilitating faster, cheaper, and more efficient cross-border payments and transactions.
