Sale ongoing? Chris Larsen, co -founder of Ripple, sent USD $ 26 million in XRP to Coinbase

Larsen’s movement could aim for an important sale of XRP, especially now that the currency is very little to register new historical maximums.

***

• The co -founder of Ripple sent USD $ 26 million in XRP to Coinbase this week.
  
• Since January, it has transferred more than USD $ 344 million to Exchange and Wallets.
  
• XRP approaches its historical maximum driven by the rise in Bitcoin and regulatory advances.

Chris Larsen, co -founder of Ripple and current executive president of the firm, apparently contemplates selling large amounts of XRP, This after sending an important amount to the Exchange Coinbase.

According to data on the network registered this week, reviewed by The BlockLarsen sent approximately USD $ 26 million in tokens XRP to Coinbase During the last days. This movement adds to the approximately USD $ 40 million that has transferred since the beginning of the year, according to reports from DL News.

Recent and cumulative movements

The movements were detected through their public portfolio, which shows a transfer of 10 million XRP to Coinbase on January 6 and another of 1.5 million on June 16. In addition, Larsen has moved tokens to other external wallets, which subsequently interacted with exchanges as Binance, According to platform data XRP Scan.

Although it has not been confirmed if all the tokens sent have been sold, DL News He estimates that the Executive has transferred a total of USD $ 344 million in XRP to exchanges and external wallets so far in 2025.

This pattern is consistent with the history of the businessman, who has been previously indicated for selling part of his position in XRP at different times of the market.

As for Larsen, he co -founded Ripple In 2013 and served as CEO until 2016. It currently has an estimated 2.6 billion tokens XRP, which represents more than USD $ 8.5 billion at current prices. Forbes He recently calculated his net assets in USD $ 9.7 billion, a notable increase from USD $ 3.2 billion attributed last year.

Ripple, For its part, it has had a particularly active year. In April 2025, he acquired the brokerage firm Hidden Road for USD $ 1,250 million. This purchase allowed it to expand its operations in areas such as trading, custody and loans.

Likewise, the company is in the process of obtaining a national banking license and has established an alliance with Bny Mellon To guard your stablecoin reserves Rlusd, which have reached USD $ 500 million in July.

XRP near its historical maximum

The price of XRP has been favored by external factors and internal movements of Ripple This Tuesday, the token rose almost 8 % and quote USD $ 3.23, being less than USD $ 0.20 of its historical maximum of USD $ 3.40 reached in 2018, According to market data.

The increase is framed within a broader upward trend promoted by legislative advances related to cryptocurrencies in the United States Congress, What many have called “Crypto Week”/”Crypto Week.”

Market strengthening and recovery of the price of Bitcoin They have served as additional catalysts, promoting the confidence of investors in assets such as XRP.

Back with Larsen, this type of transactions are not new. During the demand that Ripple faced with the US stock and securities commission (sec), It was revealed that he and his wife sold approximately USD $ 450 million in XRP between 2017 and 2020.

For its part, the current CEO of Ripple, Brad Garlinghouse, was also accused of selling approximately USD $ 150 million in that same period.

The legal dispute between Ripple and the Sec He officially concluded in June of this year, when both parties agreed to leave their appeals and finished an agreement for USD $ 50 million, ending a battle initiated in 2019.

Article written by a content editor. Edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

Subscribe to our newsletter