Chris Larsen Moves Over $100M XRP to Exchanges in January

January 31, 2025

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Chris Larsen Moves Over 0M XRP to Exchanges in January

Chris Larsen, co-founder of Ripple, has moved greater than $100 million price of XRP to exchanges this month alone, in line with blockchain investigator ZachXBT.

In a Jan. 30 submit on X, ZachXBT reported that wallets linked to Larsen transferred over $109 million in XRP to Coinbase, Bitstamp, and Bybit this month.

Chris Larsen moved Over 100m XRP to crypto exchanges | Supply: X

In the meantime, this transaction befell as XRP value noticed nearly 50% in January, reaching over $3, which is the second time in seven years.

CryptoSlate discovered that the primary transaction befell on Jan. 6, when 10 million XRP was despatched to Coinbase. On the sixteenth, he moved 20 million XRP to somebody unknown, after which on January 22, he despatched 10 million XRP again to one in all his personal wallets. Yesterday, he transferred 5 million XRP to 2 completely different addresses.

Chris Larsen XRP balance — Chris Larsen XRP steadiness | Supply: Xrpscan

Altogether, he moved 50 million XRP this month, price about $155 million on the present value of $3.10. However regardless of these transactions, his pockets nonetheless incorporates round 400 million XRP, which involves roughly $1.24 billion.