Ripple Founder Makes Controversial Coin Transfer as XRP Price Nears All-Time High

Ripple co-founder and chairman Chris Larsen may be preparing to sell again as the XRP price approaches a new all-time high.

Larsen sent approximately $26 million worth of XRP to Coinbase earlier this week, according to on-chain data. This transfer brings his total XRP sent to the exchange since the beginning of the year to close to $40 million.

Transactions from Larsen’s public wallet include a transfer of 10 million XRP on January 6 and 1.5 million XRP on June 16. According to XRP Scan data, Larsen also made several transfers to external wallets that facilitate exchanges like Binance. However, it has not yet been confirmed whether these assets were sold.

Larsen sent a total of $344 million worth of XRP to exchanges and wallets throughout 2025. XRP is currently trading at $3.26.

Larsen, who founded Ripple in 2013, served as the company’s CEO until 2016. He owns approximately 2.6 billion XRP, worth over $8.5 billion at current prices, bringing his net worth to $9.7 billion, according to Forbes. This is more than three times the $3.2 billion estimate last year.

Ripple has entered a period of rapid growth after securing significant victories in a lengthy legal battle with the U.S. Securities and Exchange Commission (SEC). In June, the parties mutually withdrew their appeals, officially ending the lawsuit, which began in 2019, with a $50 million settlement.

Chris Larsen has been frequently in the news for his XRP sales in the past. The SEC lawsuit alleges that CEO Brad Garlinghouse sold $150 million worth of XRP between 2017 and 2020, while Larsen and his wife sold $450 million worth of XRP during the same period.

*This is not investment advice.

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