Ripple co-founder Chris Larsen transferred approximately $26 million worth of XRP (around 8 million tokens) to Coinbase on July 15–16, as XRP neared its multi-year high of $3.40. While the sale isn’t confirmed, such exchange transfers often signal liquidation. Since January, Larsen’s wallets have moved over 106 million XRP (~$344 million), coinciding with XRP’s 50% monthly surge. His activity follows a previous $112 million XRP hack in early 2024, adding scrutiny to his transactions. With XRP trading around $3.43, analysts are watching Larsen’s wallet closely, as further transfers could increase sell pressure during a critical bullish phase for the asset.