Ripple co-founder Chris Larsen’s wallets transferred nearly 50–60 million XRP in July 2025, equivalent to over $175 million, with most sent to centralized exchanges. The large-scale movement triggered market fears of a potential sell-off, leading to a 13–14% drop in XRP’s price, falling from $3.60 to the low-$3 range. Trading volume surged, and long positions were heavily liquidated. Analysts warn that Larsen still holds between 2.58 to 2.81 billion XRP, worth around $8–9 billion, posing continued downside risk. The activity has drawn regulatory and investor attention, raising questions about insider movements and their impact on XRP market stability.