Chris Larsen, the co-founder of Ripple, is once again in the spotlight after reports and on-chain data revealed he has been selling large amounts of XRP. According to research highlighted by Crypto X AiMan in a new video, Larsen has moved an estimated $344 million worth of XRP to exchanges since the start of 2025, including a $175 million transfer in late July.
The sales come at a time when XRP has been trading near record highs. Larsen reportedly moved $26 million to Coinbase on July 17, followed by $175 million between July 17 and July 24, right as XRP hit an all-time high of $3.65.
Despite these sales, Larsen’s remaining holdings are enormous. He still controls 2.6 to 2.8 billion XRP, valued at over $8 billion at current prices. This means that his 2025 sales represent only about 2% of his total portfolio, which is why some analysts believe the impact on XRP’s price will be limited.
Market Reaction and XRP Price Impact
XRP’s price dipped from $3.65 to around $3.09 following Larsen’s transfers, marking a 10% drop that fueled debate in the community. Some holders saw the moves as classic “dumping” that could hurt price stability, while others pointed out that Larsen remains heavily invested in XRP and is likely taking profits after a strong rally.
Analysts also compared the situation to former Ripple co-founder Jed McCaleb, who famously sold billions of XRP at prices under $0.30, missing out on massive gains. In contrast, Larsen is selling a small fraction of his holdings at market highs, which some traders view as a reasonable decision.
🚨SHOCKING: RIPPLE CO-FOUNDER SELLING XRP RIGHT NOW?!💥😱
— Crypto X AiMan (@CryptoXAiMan) August 1, 2025
Is this the TOP… or the START of something BIGGER? 👀
Watch the TRUTH before YOU SELL! ⚠️#XRP #Crypto #Ripple #XRPArmy #Bitcoin #Altcoins pic.twitter.com/IUMQ3lJaa5
Bullish Outlook Remains
Despite the short-term price drop, AiMan’s video maintains a bullish long-term outlook for XRP. Key drivers include:
- XRP ETF Approval: Analysts see a strong chance of an XRP exchange-traded fund launching in 2025, with BlackRock, Fidelity, and Galaxy Digital all mentioned as potential players.
- XRP Ledger Utility: Over 61 new tokens launched on the XRPL in a single month, highlighting growing adoption.
- Macro Environment: Expected interest rate cuts in the U.S. could create a favorable environment for crypto, potentially driving more capital into XRP.
- Speculative Upside: The video even mentioned long-term targets of $5 to $10 in 2025, contingent on ETFs, adoption, and market sentiment.
The XRP community is divided. Some users expressed frustration at seeing the co-founder sell during a rally, fearing more downside pressure. Others argued that with billions still in Larsen’s wallet and multiple bullish catalysts ahead, these sales are unlikely to derail XRP’s long-term trajectory.
As one reply summed it up: “He sold 2%. He still holds a fortune. If anything, he’s cashing out a little while the rocket is fueling.”
Read also: Here’s the XRP Price if Western Union and MoneyGram Start Using Ripple for Settlements
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