Ripple Co-Founder Chris Larsen’s 2.58B XRP Stash Sparks Sell-Off Fears—Is a Market Storm Coming?

Ripple’s Chris Larsen still sits on a mountain of XRP—2.58 billion coins, to be exact. Analysts are sounding the alarm: if that hoard hits the market, brace for impact.

### The Looming Liquidity Threat

One whale holding that much XRP isn’t just a portfolio—it’s a potential market mover. Traders are eyeing Larsen’s wallet like a ticking time bomb.

### XRP’s Fragile Balance

The token’s price has been dancing on a knife’s edge—bullish momentum could reverse fast if those coins flood exchanges. ‘Strategic sell-off’ or not, liquidity doesn’t lie.

### The Institutional Dilemma

While retail investors panic-sell over tweets, the real danger lurks in these quiet, colossal holdings. Guess who’ll be ‘surprised’ when the dump happens? (Hint: not the hedge funds.)

For now, the market holds its breath. Because in crypto, the only thing sharper than the rallies are the whales’ sell buttons.

CryptoQuant Analyst Warns XRP Holders: “Don’t Get Dumped On”

J.A. Maartunn, an analyst at on-chain data platform CryptoQuant, cautioned followers on X, warning XRP holders not to “get dumped on.”

He pointed to Larsen’s massive remaining XRP balance as a looming risk.

According to Maartunn, the Ripple co-founder still holds approximately 2.58 billion XRP — currently valued at $8.83 billion — making the 50 million token outflow a mere fraction of his total holdings.

“If $200 million was just the warm-up… what’s next?” Maartunn asked, urging traders to “protect yourself” and avoid becoming exit liquidity.

XRP has since corrected 13%, now trading at $3.18, according to data from Cointelegraph Markets Pro and TradingView.

The drop came amid wider market jitters as Bitcoin briefly plunged to $114,500 after a dormant Satoshi-era wallet moved 80,000 BTC for the first time in 14 years.

The transaction, processed by Galaxy Digital, triggered over $500 million in crypto liquidations within 24 hours, per CoinGlass.

Chris Larsen (Ripple co-founder) still holds 2.58B $XRP — that’s $8.83B.

If $200M was just the warm-up… what’s next?

Don’t get dumped on.
Don’t be the exit liquidity.
Protect yourself.https://t.co/k152FXlm8N pic.twitter.com/T5CpTQjdDa

While the broader market remains volatile, concerns over insider selling in XRP have added to investor unease.

With billions of tokens still under Larsen’s control, market participants are watching closely for signs of further distribution, and the potential impact on xrp price momentum.

XRP Perpetual Futures Open Interest Hits Record $8.8B

XRP saw a spike in notional open interest for its perpetual futures contracts last week.

Notional open interest, the total value of Leveraged positions held by traders, climbed to an all-time high of $8.8 billion, according to CoinGlass. The figure corresponds to nearly 2.9 billion XRP in open contracts.

The previous record for XRP notional open interest stood at $8.3 billion, which was hit in late January before the start of former U.S. President Donald Trump’s second term.

Across most venues, XRP’s funding rate was positive and climbing, signaling a market where longs are willing to pay shorts to maintain positions, a classic indicator of bullish sentiment.

As reported, the number of wallets holding at least 1 million XRP tokens has also surged to an all-time high.

Data shows that wallets holding 1 million or more XRP collectively control over 47.32 billion tokens.

Last month, Ripple CEO Brad Garlinghouse revealed the company plans to withdraw its cross-appeal against the SEC, adding that the regulator is also expected to drop its own appeal.