Meme Insider
Hey there, crypto enthusiasts! If you’ve been keeping an eye on the XRP market, you’ve probably noticed some big moves lately. On July 24, 2025, at 07:01 UTC, blockchain detective ZachXBT dropped a bombshell on X, revealing that Ripple co-founder Chris Larsen transferred a whopping 50 million XRP (worth about $175 million) since July 17, 2025. This news has sent shockwaves through the crypto community, sparking debates about what it means for XRP’s future. Let’s break it down!
The Big Move: What Happened?
According to ZachXBT’s post (link to tweet), Larsen moved this massive amount of XRP to four different addresses. Here’s the juicy details:
- $140 million ended up at various exchanges and services.
- 30 million XRP went to two specific recipients:
rPS9kVPbgZF4vXq2hs6s9Xv2754qdRau98andrnQXgGAjqbF4KoBpcBK5YBHyZEL7nGWWoi. - 10 million XRP landed with
rHtLaipqqfbhgMSHkF1YcuWaivvgRH851o. - The remaining $35 million found its way to two new addresses:
rNLrQvgfLZNLqcqjAAQYBUNBSC5dVvkiDXwandrhmkfhYZY3XJgGTcGxLAKuEoph49bmMqbb, each receiving 5 million XRP.
This isn’t the first time Larsen has made headlines with his XRP moves. Reports from The Block suggest he’s already shifted around $344 million worth of XRP to exchanges and wallets in 2025 alone. With an estimated 2.6 billion XRP still in his possession (valued at over $8.5 billion), these transactions are raising eyebrows.
Why Are People Talking?
So, why does this matter? Well, XRP is the native cryptocurrency of the Ripple network, designed to speed up cross-border payments. When someone like Larsen— Ripple’s executive chairman—starts moving large chunks of XRP, it can signal a few things:
- Selling Pressure: Some speculate he’s cashing out, which could flood the market and drive prices down. The chart shared by blancxbt shows a recent price drop after hitting $3.607, hinting at this possibility.
- Strategic Moves: Others think it could be part of a broader strategy, like funding Ripple’s operations or preparing for new partnerships.
- Community Reaction: The X thread is buzzing with mixed feelings. Some users, like retro, joke about Larsen “dumping” on fans, while others, like PinkyndTheGainz, question XRP’s tokenomics, noting that only about 60% of its 100 billion total supply is in circulation.
What’s Next for XRP?
The crypto world loves a good mystery, and this move has everyone guessing. With XRP’s price recently breaking a key trend line (as noted by blancxbt), technical analysis from TradingView suggests a “buy signal” in the short term. But with Larsen’s transfers and the ongoing SEC lawsuit hanging over Ripple, the future is anything but certain.
For meme coin lovers and blockchain practitioners, this is a reminder of how interconnected the crypto ecosystem is. Whether you’re into Dogecoin or Shiba Inu, understanding moves like this can help you navigate the wild world of digital assets. Keep an eye on Meme Insider for more updates as this story unfolds!
Got thoughts on this XRP drama? Drop them in the comments below—we’d love to hear from you!
