Chris Larsen Transferred $26 Million XRP to Coinbase, Does He Plan to Sell?

Jakarta, Pintu News – Chris Larsen, co-founder of Ripple, recently sent $26 million worth of XRP to crypto exchange Coinbase. The move sparked speculation among investors and market watchers that Larsen may be selling part of his holdings.

Large transfers like this are often followed by market sell-offs, so many are paying attention to the follow-up of these actions.

Check out the full information below!

Big Transfer to Coinbase

In recent months, Chris Larsen has been actively managing his crypto portfolio. Since the beginning of 2025, he has moved a total of 106 million Ripple (XRP) worth around $344 million to various wallets and exchanges.

The latest transfer of $26 million to Coinbase adds to the long list of similar activities that Larsen has undertaken. This transfer comes at a time when the price of Ripple (XRP) is on the rise.

Currently, Ripple (XRP) is trading at $3.25, up 32% in the past week. Despite the significant rise, the current price is still 16% lower than the record high it reached in January 2018, which was $3.84.

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Chris Larsen and His Involvement in Ripple

Although Chris Larsen had stepped down from the position of CEO of Ripple in 2016, he still holds an important role as the company’s executive chairman. With holdings of approximately 2.6 billion Ripple (XRP), which is worth approximately $8.3 billion, Larsen remains a central figure in the Ripple ecosystem.

In addition, Larsen is also known to be active in politics, especially in supporting the Democratic party. In 2024, he even donated $1 million worth of Ripple (XRP) to support Kamala Harris. This involvement shows that Larsen’s influence is not just limited to the crypto industry, but also extends to the political arena.

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Current Crypto Market

Ripple’s (XRP) price increase is part of a broader positive trend in the crypto market. Bitcoin (BTC), for example, just hit a new record at $122,838. This phenomenon shows that interest in crypto is still very high, and investors continue to look for opportunities in various crypto assets.

This rise has also drawn more attention to Ripple (XRP), which is often considered one of the crypto assets with great potential. With speculation about a sale by Larsen, the market may experience more dynamic price fluctuations in the near future.

Conclusion

Chris Larsen’s large transfer of XRP to Coinbase has sparked various speculations in the market. While there has been no official confirmation of the sale, the activity is certainly worth keeping an eye on. After all, steps taken by a crypto figure of Larsen’s caliber always have the potential to significantly influence the market.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto Times. Ripple Co-Founder Moves 26M XRP to Coinbase, Is He Selling?. Accessed on July 18, 2025
• Featured Image: Forbes