Ripple Co-Founder Chris Larsen Moves $26M in XRP to Coinbase as Price Hits 7-Month High
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- Chris Larsen transferred $26M XRP to Coinbase as XRP hit $3.25, close to its 2018 all-time high.
- Ripple and Circle applied for a U.S. bank charter in July 2025, aiming for federal oversight.
- Larsen-linked wallets hold 2.6B XRP, and he donated $1M XRP to Kamala Harris’s 2024 campaign.
Chris Larsen, Ripple co-founder, transferred $26 million worth of XRP to Coinbase on July 16, 2025. Blockchain data from XRPscan identified the wallet as one connected to Larsen.
The move happened while XRP traded at $3.25, its highest level in over seven months.
Related: XRP ‘God Candle’ Signal from 630% Rally Flashes Again
Since January, Larsen has moved a total of 106 million XRP, worth around $344 million, from this wallet to various centralized exchanges and other addresses. The frequency and volume of these transactions increased alongside XRP’s price rise.
While there is no direct confirmation of a sale, sending funds to Coinbase suggests a possible intention to cash out.
Ripple Co-Founder Holds 2.6 Billion XRP Worth $8.3 Billion
Chris Larsen co-founded Ripple in 2013, the company that built XRP Le…
The post Ripple Co-Founder Chris Larsen Moves $26M in XRP to Coinbase as Price Hits 7-Month High appeared first on Coin Edition.
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