During XRP's rapid surge, Chris Larsen executes large transfers—what should the market interpret?

As XRP remains in a high-price zone, a significant move by Ripple co-founder Chris Larsen has attracted market attention. Ongoing holder activities over the past few weeks are sparking industry-wide discussions about how they might influence future price movements.

Continuous Asset Movements by Chris Larsen

According to tracking data from Wu Blockchain, since the start of 2025, Chris Larsen has repeatedly transferred XRP between multiple exchanges and wallets, totaling approximately 100 million 60,000 XRP (equivalent to $344 million at current prices). Recently, XRP worth about $26 million was transferred to Coinbase, and these movements are generating various speculations among market participants.

Large holder transfers to exchanges can be interpreted as signals of potential selling, or simply as part of portfolio management. Under the current market environment, such activities are being closely monitored.

Multiple Indicators Showing Market Activity

The current price range of XRP continues to attract high interest, with open interest in the futures market reaching $9.98 billion, a level not seen since 2021. This figure reflects strong trading enthusiasm among traders, including institutional investors.

At the same time, data shows that large holders (whales) have accumulated over 2.2 billion XRP in the past 14 days, indicating a trend toward accumulation rather than selling. These indicators suggest the market is in a complex psychological state.

Future Catalysts and Market Trends

The upcoming listing of the ProShares XRP Futures ETF on July 18 could introduce new variables into the market structure. Such financial products are likely to facilitate access for more institutional and retail investors to XRP, potentially impacting overall market volatility and liquidity.

The interaction between Chris Larsen’s movements and these market events will be closely watched as the situation develops.