Ripple Co-Founder Tied To Untouched XRP Holdings Worth Billions—Crypto Sleuth
A blockchain investigator discovers a series of dormant XRP wallets associated with Ripple co-founder Chris Larsen, which have over 2.7 billion XRP. The shares are worth approximately $7.18 billion. Some of these wallets have been idle for six to seven years before being accidentally reactivated in January 2025.
Old wallets start to move in large quantities
Crypto Sleuth Zachxbt disclosed that the former Idle wallet was not kept quiet. More than $109 million in XRP transactions were registered, with cash used for example Common casesBitstamp and Bybit. This unexpected activity has raised doubts about the time and purpose of the transfer.
Some in the cryptocurrency world are worried that if Larson loses his chance to get into his wallet and hasn’t regained control until recently. Others suspect the money changed hands a long time ago, probably as early as 2013.
XRP: Market influence and price increase
These wallets are activated at the same time as the key announcement US President Donald Trump. He outlined ideas for strategic crypto reserves including XRP, Bitcoin, Ethereum, Solana and Cardano.
This revelation led to a sharp rise in price for XRP: from $2.23 to $2.93, then $2.60, which translates to 18%. Investors and traders have attracted attention, and some speculations are that value-added is related to the wallet movement.
Previous transfers added more questions
Larsen’s deal was headlines before. As early as September 2020, he transferred about 500 million XRP to an unidentified address. Later, he explained that the move was for security purposes to NYDIG.
Still, others Cryptocurrency Field suspects there may be other motives, although there is no substantial evidence to confirm these claims.
What’s next?
Discussions have resurfaced in response to recent developments. Is this just ordinary fund management, or is something bigger happening? The answer is still unknown.
When the XRP community monitors these wallets, speculation remains. Are there any other major transfers? Will this further affect the XRP market price? While no one can say it for sure, one thing is certain: when billions of XRPs start to move, people will know and start making some noise.
Featured images from Pexels, charts for TradingView
