Ripple Co-Founder’s $26M XRP Transfer to Coinbase Sparks Market Speculation
Ripple co-founder Chris Larsen has transferred $26 million worth of XRP to Coinbase as the cryptocurrency surged to $3.25, its highest price in seven months. This move has raised questions about potential selling pressure, although Larsen's intentions remain undisclosed. Notably, this year alone, Larsen has moved over 106 million XRP (valued at roughly $344 million) to centralized exchanges, coinciding with XRP's recent price rally. The timing of these transactions has fueled speculation among investors and analysts alike, as they assess the implications for XRP's future market performance. With XRP showing strong momentum, the crypto community is closely watching for further developments that could influence its trajectory in the coming months.
Ripple Co-Founder Moves $26M in XRP to Coinbase Amid Price Surge
Ripple co-founder Chris Larsen transferred $26 million worth of XRP to Coinbase as the cryptocurrency traded at $3.25, its highest level in seven months. The transaction has sparked speculation about potential selling pressure, though Larsen has not publicly disclosed his motives.
This year alone, Larsen has moved over 106 million XRP—worth approximately $344 million—to centralized exchanges. The timing coincides with XRP's rally toward its all-time high of $3.40, suggesting a possible strategic sale or portfolio rebalancing. Coinbase's liquidity and institutional-grade custody likely facilitated the large transfer.
Larsen's net worth surged from $3.2 billion in 2024 to $10 billion in 2025, fueled largely by XRP's appreciation. crypto wallets linked to him still hold 2.6 billion XRP, indicating retained exposure despite recent moves.
Find Mining Launches Free XRP Cloud Mining App Claiming $34,820 Daily Earnings
Find Mining has unveiled a free cloud mining application targeting XRP, promising users daily earnings up to $34,820 without hardware requirements. The platform markets itself as a zero-threshold solution for mainstream cryptocurrency mining, emphasizing accessibility for non-technical users.
Security and transparency are highlighted as Core features, leveraging encrypted technology and distributed servers. The launch has drawn attention across crypto communities, though such exaggerated earnings claims warrant skepticism without verifiable proof of concept.
Nexchain Presale Hits $6.7M Amid XRP's Regulatory Uncertainty
XRP remains range-bound as investors await U.S. regulatory clarity, trading at $2.83 with muted short-term momentum. Long-term holders maintain optimism, but capital is increasingly diversifying toward emerging projects.
Nexchain has surged past $6.7 million in its presale, capturing attention with live airdrops and a 50% token bonus ahead of its August Testnet launch. The project's scalable infrastructure and AI validation features are drawing interest from XRP investors seeking next-generation blockchain exposure.
Market dynamics suggest a shift in focus from legacy tokens to innovative platforms offering tangible utility. Nexchain's transparent team structure and community traction are fueling its presale performance, signaling broader appetite for differentiated crypto assets.
XRP News: Price Set to Skyrocket? SEC Poised to Drop Appeal And This Rival Could Capture the Next Wave
XRP is gaining momentum as bullish signals emerge and rumors circulate that the SEC may drop its long-standing appeal. The cryptocurrency surged 8.24% in the last 24 hours, reaching $3.17, with trading volume exceeding $10.5 billion—a 46% increase. Over the past week, XRP has rallied nearly 31%, with technical analysts eyeing a breakout above the $3.18 resistance level.
Market sentiment is bolstered by speculation of the SEC abandoning its appeal, while another altcoin quietly gains traction as a potential contender in the crypto payments space. Momentum indicators, including an RSI of 72.39 and a bullish MACD crossover, suggest continued upward potential.
Ripple CTO Exposes Deepfake Scam Targeting XRP Investors
Ripple's Chief Technology Officer David Schwartz has alerted the community to a fraudulent deepfake video circulating on social media platform X. The manipulated footage falsely portrays CEO Brad Garlinghouse announcing a 100 million XRP rewards program following Ripple's legal victory against the SEC.
The scam emerged during a period of heightened market activity, coinciding with XRP reaching an all-time high. Schwartz emphasized that Ripple never conducts unsolicited airdrops or requests personal information from investors. This incident marks the latest in a series of scams targeting XRP holders after significant legal developments.
Market observers note such fraudulent activities often spike during periods of price volatility. The deepfake's sophistication reflects growing challenges in maintaining security within cryptocurrency communities, particularly around high-profile assets like XRP.
XRP Price Breakout Clears Key Resistance, Eyes $6.90 Target
XRP has surged past $3.60, marking its highest price level in over two years after breaking through the critical $2.72 resistance. The cryptocurrency had been range-bound between $2.05 and $2.72 for more than six months before the decisive upward move.
Technical analysts highlight strong follow-through across multiple timeframes, with the daily chart showing sustained momentum. Prominent trader DonAlt reaffirmed his $6.90 price target, citing the $2.72 breakout as a crucial technical confirmation for his bullish thesis.
The breakout represents a significant shift in market structure, attracting renewed interest in the digital asset. XRP's ability to maintain its position above former resistance levels suggests growing strength in its price action.
