Ripple Co-Founder Moves $175M in XRP—Fueling Rally Speculation

Whale alert: A Ripple co-founder's wallet just shifted a jaw-dropping $175 million in XRP as prices surge. Timing is everything—or is this just another crypto insider cashing out at retail's expense?

The move comes amid XRP's strongest rally in months, sparking debate: Strategic accumulation or profit-taking before the next regulatory headache? Meanwhile, traders are left parsing blockchain ledgers like tea leaves.

One thing's certain—in crypto, the big players move first. Everyone else just gets the transaction fees.

A wallet linked to Ripple co-founder Chris Larsen has transferred 50 million XRP, worth around $175 million, since July 17, with $140 million sent to exchanges. This activity coincided with XRP’s price hitting a record $3.6 on July 18. The wallet group was dormant for years and previously moved large amounts in January 2025. These transfers come after a $112 million XRP hack on Larsen’s wallets in 2024, raising ongoing interest from the crypto community.