Is Ripple’s Chris Larsen About to Dump $9 Billion in XRP? You Won’t Believe This!

by

Key Insights:

  • A wallet linked to Ripple‘s very own Chris Larsen just decided to send a cheeky 50 million XRP to exchanges. How generous! 🎉
  • Analysts are wringing their hands, warning that he’s sitting on over 2.5 billion XRP, which could wreak havoc worth nearly $9 billion. 😱
  • Oh, and XRP has taken a little tumble—down 13% since its dazzling peak. Classic rollercoaster, am I right?

So, hold onto your hats! A recent 50 million XRP transaction from Chris Larsen’s delightful wallet is sending ripples (pun intended) through the crypto community like a bad burrito. Analysts seem to think this might be just the warm-up gig before Larsen decides to take the main stage and offload that colossal stash. 🎤

Yes, folks, if Chris plays his cards right, we might see nearly $9 billion worth of XRP flying off the virtual shelves. What a generous benefactor, right?

Just the Beginning? Sounds About Right!

On-chain analytics guru J.A. Maartunn from CryptoQuant sees things a bit differently. He’s calling this sale a “warm-up” on X (formerly Twitter because why not give it a new identity?). Oh, and by the way, Larsen still has about 2.58 billion XRP lounging around like they’re on a tropical vacation. 🏖️

At current prices, that stash could cause quite the ruckus—worth around $8.83 billion! “If $200 million was just the warm-up… what’s next?” Maartunn boldly asks. If only I had the answer to that!

Chris Larsen (Ripple co-founder) still holds 2.58B — that’s $8.83B.

If $200M was just the warm-up… what’s next?

Don’t get dumped on. Don’t be the exit liquidity. Protect yourself.

— Maartunn (@JA_Maartun)

Now, this isn’t exactly the first time we’ve seen large XRP transfers scare people into a sell-off frenzy. But this time? Perfectly timed with XRP leading the altcoin revival after Bitcoin decided to take a breather. Talk about bad timing!

Divided Reactions from the XRP Community!

The community is practically divided like the last slice of pizza. 🍕 Some folks think it’s just routine profit-taking—totally normal during a price spike! Others, however? They feel like they’ve been betrayed, especially since this sale happened near XRP’s local peak. Ouch.

Critics are buzzing that selling during a rally might be some sneaky manipulation. Imagine that! This has left XRP investors wrestling with the ethics of token-holding bigwigs cashing in. Drama, drama, drama!

Chris Larsen, Ripple co-founder, sold nearly $200M in 10 days.

Still buying? You might be his exit liquidity.

He’s unloading heavy—be cautious!

— ManLy (@ManLyNFT)

Maartunn isn’t holding back, urging XRP holders to keep their eyes peeled. “Don’t get dumped on. Don’t be the exit liquidity. Protect yourself.” Because who wants to be the punchline, am I right?

Here, “exit liquidity” refers to when clueless investors buy in at sky-high prices only for the savvy insiders to cash out and watch the value plummet. A classic crypto move—like a magician pulling a rabbit out of a hat, but instead, it’s just your money disappearing. 🐇💸

Bitcoin Feels the Heat Too—Surprise! 🎊

The XRP hullabaloo didn’t happen in a vacuum. Oh no! Bitcoin was also feeling the pressure when a dormant wallet with 80,000 BTC (that’s nearly $9 billion, folks!) suddenly decided to wake up and smell the coffee (and move their funds, obviously).

These coins were taking a snooze for 14 long years! Sold through Galaxy Digital, the transaction knocked BTC down to around $114,500 before it woke up and bounced back. Isn’t it nice that the market recovers so fast? But honestly, who wouldn’t be uneasy after a series of whale sell-offs?

And let’s be real, if this trend keeps going, the FUD (fear, uncertainty, and doubt) game is about to go through the roof. Buckle up, buttercups!

Is This the End of XRP’s Bullish Run? Plot Twist! 😬

Just weeks ago, XRP was the star of the show, dazzling everyone with its performance during the recent market rally. It even flirted with $3.60 on July 17 and smashed through major resistance levels on its way to new highs!

But now? XRP/USD is down 13% from its peak, and Larsen’s wallet is under the spotlight like an unwanted relative at a family reunion. If more XRP floods the exchanges, fresh selling pressure could wipe out recent gains quicker than you can say “oh no.”

No one knows if Larsen plans on continuing this grand show of offloading his holdings, but the mere thought is enough to keep investors nervously biting their nails.

Read More

2025-07-28 23:22