News View Non-AMP

Ripple News: Chris Larsen Shifts 18M XRP—What’s Behind It?

Published by
Elena R

Ripple Chairman Chris Larsen has once again made headlines in the XRP market by transferring an impressive 18 million XRP to Binance and Bittrex. This transaction is part of a trend observed over the past few months, where Larsen has shifted substantial amounts of XRP, igniting speculation among investors and analysts alike.

Just this Monday, 3 million XRP was sent to Binance, while a hefty 15 million XRP was moved to a wallet activated by Bittrex.

What’s going on? Let’s understand. 

Decoding the Moves

Larsen’s recent XRP transfers are not a new phenomenon. Just last week, he transferred 20 million XRP, following an earlier transfer of 50 million XRP earlier this month. These consistent large-scale transactions have kept the XRP community abuzz, with many questioning the motivations behind such frequent movements. Are these transfers part of a liquidity strategy, or are they merely adjustments to his personal portfolio?

The Timing is Key

The timing of Larsen’s transactions is particularly noteworthy, as they coincide with increasing speculation that the SEC may appeal its lawsuit against Ripple. Market observers suspect that these token shifts might be Ripple’s method of preparing for potential regulatory outcomes or market disruptions.

Adding to this, Ripple recently transferred 200 million XRP (approximately $117 million) to an undisclosed wallet, hinting at larger strategic moves, possibly linked to an ETF swap.

What’s Next for XRP Price?

As XRP stands at $0.5865, with a modest 0.29% uptick over the last week, investors are closely watching how Larsen’s moves could influence XRP’s liquidity and volatility. While the token has shown resilience, the ongoing transfers and looming legal battles keep market participants on edge. XRP movements signal a major market shift on the horizon. The next steps from Ripple could provide the answers.

What do you think is behind Larsen’s massive XRP transfers? Let’s hear your theories!

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Recent Posts

U.S. SEC Delays Decision on Canary Litecoin ETF: LTC Price Drops Over 3%

The U.S. SEC is now seeking public comment on whether the proposal to list the…

May 6, 2025

Riot Platforms Announces April 2025 Production: Company Sold BTC for the First Time in 15 Months

Riot Platforms announced that it mined 463 Bitcoins in April compared to 533 coins in…

May 6, 2025

Accumulation Phase is Done—This is When the Altseason 3.0 May Trigger, Marking the Highs Above $5T

Historically, Q2 has been the strongest quarter for the crypto markets, wherein Bitcoin price attracts…

May 5, 2025

Crypto Tsunami Ahead: Top 3 Altcoins Under $1 That Could Turn $100 Into $1 Million by 2026!

A massive opportunity may be on the horizon in the cryptocurrency market. Some low-priced altcoins…

May 5, 2025

Bitcoin Price Analysis: BTC Price to $91k Before $100k Next

Although top Bitcoin maximalists continue to accumulate, short-term technical analysis depicts bearish sentiment. Heightened volatility…

May 5, 2025

Dogecoin (DOGE) Sees Increased Trading Volumes, But Ruvi AI (RUVI) Is Expected to Reach $1.50 and Deliver 21,000% Returns

Dogecoin (DOGE), the beloved meme coin, is currently trading at $0.169 and showing a significant…

May 5, 2025