Ripple Co-Founder Moves $140M in XRP to Exchanges – Bullish Signal or Strategic Exit?
Ripple's co-founder just made waves with a jaw-dropping $140 million XRP transfer to exchanges. Was it a calculated sell-off or a liquidity play ahead of the next rally?
Market watchers are split: Some see it as a red flag, others as a veteran player freeing up dry powder. Either way, the move screams conviction—just not the kind regulators want to see.
Here's the kicker: Whale movements like this often precede volatility. When founders shift stacks this big, markets listen. Will this trigger a sell-off or attract fresh bids? The order books will tell.
Bonus jab: Nothing says 'crypto confidence' like dumping nine figures worth of tokens while maintaining a straight face on Twitter.
ZachXBT’s X post about the Ripple co-founder Chris Larsen’s wallet activity | Source: X
The wallet activity coincided with a drop in XRP’s price, especially on July 24. That’s when the token reached its weekly low at $2.99, registering an 8% price drop in a single day. At the same time, traders pointed out that XRP fell below the 4-hour moving average trendline.
xrp broke h4 trend for the first time since $2.2 pic.twitter.com/wlVKDUIQ35
— blanc (@blancxbt) July 23, 2025Still, it is hard to attribute the XRP’s price drop solely to insider selling, as it also coincided with a broader downturn in the crypto market.
XRP holders stress over insider selling
In response to the wallet activity, many in the crypto Twitter community have speculated that the Ripple co-founder was dumping his assets. Traders questioned XRP’s decentralization, given that a significant portion of the tokens were in the hands of insiders like Larsen.
Large moves from crypto wallets to centralized exchanges often mean that holders are preparing to sell their assets. Blockchain analysis cannot track funds belonging to an individual user once they hit exchange wallets.
ZachXBT noted that wallets linked to Larsen still hold over 2.81 billion XRP, currently worth about $8.4 billion. This means that there is still potential for significant selling pressure if he decides to sell more of his XRP holdings.
