- Chris Larsen has moved over $200M worth of XRP in the last 10 days, sparking speculation about his intentions.
- Despite the transfers, Larsen-linked wallets still hold a staggering 2.81B XRP, valued at $8.4B.
- Ripple’s founding allocation and ongoing whale movements continue to influence both sentiment and price action around XRP.
Ripple’s executive chairman, Chris Larsen, has been moving serious amounts of XRP again—roughly $200 million worth since mid-July. On-chain sleuth ZachXBT flagged the activity, pointing out that since July 17, an address tied to Larsen offloaded about 50 million XRP (≈ $175 million) to four wallets. Of that, around $140 million ended up at exchanges.
CryptoQuant analysts later spotted additional transfers, pushing the 10-day total closer to 57 million XRP. At current prices, that’s over $200 million flowing out of Larsen’s wallets—a big number that’s made waves among traders.
XRP Price Feels the Heat
These transfers came right as XRP was cooling off from its recent spike to $3.66. On Thursday, the token dipped to an intraday low of $2.95 before stabilizing just over $3.00. Of course, correlation isn’t causation, but the timing didn’t go unnoticed.
On-chain analyst JA Maartun took a jab on X, saying: “Larsen just dumped ≈ $200M worth of XRP in the past 10 days… You’re the exit liquidity. Think twice.” Whether or not that’s true, the chatter is definitely turning heads.
Lookonchain, another blockchain forensics group, backed up ZachXBT’s numbers. According to their data, Larsen-linked wallets still control a massive 2.81 billion XRP—valued around $8.4 billion. So even after these moves, Larsen remains one of the biggest holders out there.
Ripple’s Founders Reward – A Quick Throwback
Court docs from the SEC’s 2020 lawsuit against Ripple lay out the original token allocation in detail. When the XRP Ledger launched in December 2012, 100 billion tokens were created: 80 billion went to Ripple, while 20 billion were split among the three founders as “compensation.”
Larsen and co-founder Jed McCaleb each received 9 billion XRP. The remaining 2 billion went to early engineer Arthur Britto. McCaleb has since sold off his holdings, finishing his infamous “Tacostand” wallet sales in 2022.
Brad Garlinghouse, Ripple’s CEO, isn’t a founder and didn’t get part of the original cut. Instead, he was awarded 500 million XRP when he became CEO in 2016 and another 250 million in 2019. By the time the SEC filed its case, about 521 million of those tokens had been delivered, worth around $246 million at the time.
Billionaire Fortunes and XRP
Forbes’ December 2024 profile estimated Larsen’s net worth at $9.2 billion, with roughly half of that still tied up in XRP. McCaleb, despite cashing out, is worth about $2.9 billion according to Forbes’ April 2025 billionaire list. Arthur Britto’s wealth is harder to pin down—he’s kept things very private—but if he held onto his full 2 billion XRP, it would be worth roughly $6.2 billion today.
Meanwhile, journalist Charles Gasparino reported earlier this year that Ripple’s CEO Brad Garlinghouse has an estimated net worth of around $10 billion, cementing his spot among the wealthiest figures in the U.S. crypto landscape.
