Recently, Ripple co-founder Chris Larsen transferred $26 million worth of XRP to Coinbase, the world’s largest custodian of Bitcoin. The move took place at the time when XRP traded at $3.25, its highest level in over seven months. The transaction sparked concerns about potential selling pressure.
Since the beginning of the year, Larsen has moved over 106 million XRP, worth approximately $344 million, to various centralized exchanges. While there is no definitive reason publicly stated by Larsen, several factors can give justification for the transfer.
Amid XRP’s significant price surge, nearing its all-time high of $3.40, Ripple’s CEO moves his transaction to Coinbase, indicating a potential sale.
This move also indicates that Larsen is planning a strategic adjustment to his crypto portfolio, diversifying investments or preparing for other opportunities. It also demonstrates Coinbase’s stability and key management controls to provide easy access to liquidity, allowing for quick sale for the investor.
In 2024, Larsen’s net worth was $3.2 billion, which significantly increased in 2025 to $10 billion as net worth. One of the primary factors for this rapid growth is the price surge of XRP. Crypto wallets linked to Ripple’s co-founder currently hold 2.6 billion XRP, worth at least $8.3 billion.
While the Ripple leader boosted his income, the company applied for a US National Trust Bank Charter. If approved, Ripple will directly come under federal supervision, enhancing its power as a crypto exchange.
Ripple is continuously stretching its reach to global crypto users. As of 2025, it has broadened its efforts to align with global standards to integrate a traditional financial system with digital assets. The platform is developing technologies like RippleNet and XRP Ledger, while facilitating faster, cheaper, and more efficient cross-border payments and transactions.
Larsen likely sent XRP to Coinbase for potential selling, portfolio adjustments, or liquidity access during XRP’s price surge.
Chris Larsen’s wallets hold about 2.6 billion XRP in 2025, valued at around $8.3 billion.
Ripple is expanding by developing RippleNet, XRP Ledger, and promoting faster, cheaper global cross-border payments.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Speculation about a BlackRock XRP ETF is growing, especially with renewed focus on the firm’s…
The crypto market is moving cautiously today as investors weigh mixed signals from macro trends,…
Is the crypto market preparing for a historic bull run or sliding toward a painful…
The crypto market is waking up again, and the signs are finally pointing in one…
Solana is currently a major focus in the crypto market, thanks to strong institutional interest…
With discounts flying as the crypto market nosedived, “buying the fear” may turn out to…
