- Blockchain data shows $175M worth of XRP transferred, with $140M routed to exchange-associated addresses.
- XRP’s minor price drop coincided with a broader altcoin pullback, casting doubt on individual wallet impact.
- Some accuse strategic selling; others, including legal experts, argue past data doesn’t support direct price influence.
On July 17, 2025, a wallet associated with Ripple co-founder Chris Larsen moved 50 million XRP worth about 175 million dollars. The deal was done when XRP was nearing local high prices, causing unease in the industry. Notably, around $140 million worth of the transferred tokens moved to exchange-linked addresses. This movement coincided with a broader altcoin market correction that followed shortly after.
The XRP community has since debated the potential impact of the transfer. Some observers claim the timing contributed to the token’s subsequent price dip. However, a segment of analysts argues that market-wide factors, not individual wallet actions, primarily influenced the decline.
Larsen-Linked Wallet Moves 50M XRP to Exchanges
From July 17 onward, blockchain data revealed a series of transfers totaling 50 million XRP. The origin wallet was previously associated with Chris Larsen. The tokens were sent to four separate addresses, with a majority ending up at exchanges or crypto services.
Out of the $175 million moved, an estimated $140 million reached platforms known for liquidity provisioning. This detail led to speculation that the XRP was prepared for sale. Market watchers pointed to the timing near XRP’s local price top as a possible indication of strategic movement.
Despite these assumptions, no direct on-chain evidence confirmed immediate sales by Larsen. Additionally, some community voices referenced prior cases where escrow and executive-linked XRP movements did not align with actual sales.
XRP Price Dips Amid Broader Altcoin Weakness
As the transfers occurred, XRP traded around $3.08, posting a 1.43% increase on the day. The token’s market capitalization reached $182.65 billion, rising by 1.54% within the same period. The trading volume, however, declined significantly by a margin of 28.16 percent to stabilize at $11.12 billion within a 24-hour period.
Immediately following the transfers, XRP prices dropped slightly, as the entire altcoin market fell. This relationship presented concerns about whether the actions of Larsen individually impacted XRP, or whether the selling affected the entire market.
Notably, critics of the “Larsen dump” theory argue that multiple tokens saw simultaneous price drops. This timeline indicates that broader market forces rather than individual actor activity—may have played the dominant role.
Reactions Within the XRP Community
The transfer sparked diverse responses across crypto circles. A portion of the XRP community expressed concerns over the timing and intent behind the move. On the other hand, legal and market commentators pushed back against claims that Larsen’s actions caused the price drop.
For instance, crypto attorney Bill Morgan criticized what he termed as exaggerated narratives. He had mentioned frequent busting of identical claims on wallet activities that relate to Ripple in the past. Disputed with consistency, XRP remains a heavyweight in the landscape, with attention turning to system-wide trends within the altcoin market.
