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Ripple has recorded a massive on-chain transaction involving co-founder Chris Larsen, who moved over $120 million worth of XRP. Blockchain data shows that Larsen transferred 50 million XRP, worth approximately $123.8 million, to an unknown wallet, according to Whale Alert’s insights on October 20. Chris Larsen XRP transfer. Source: Whale Alert The transfer, completed in under an hour, marks Larsen’s first major XRP movement since July. Notably, between July 17 and 23, 2025, he moved $175 million XRP, with about 140 million landing on exchange platforms. At the time, the impact on XRP remained muted, as the asset traded above $3. Why Larsen transferred XRP  While the initial transfer of the tokens was unknown, Larsen later confirmed on X that the tokens were part of an investment in Evernorth, a Ripple-backed firm that recently announced a $1 billion Nasdaq SPAC merger. Congrats @ashgoblue and the @evernorthxrp team on today’s launch! Evernorth ...

Whale activity around XRP has resurfaced, with the potential to influence short-term price movement as the token struggles to reclaim $3. Specifically, on-chain Analysis revealed a transaction involving 40,808,750 XRP, valued at approximately $117.36 million, that moved between unknown wallets, according to data shared by Whale Alerts on September 29. 40,808,750 #XRP (117,359,625 USD) transferred from unknown wallet to unknown wallethttps://t.co/T9Rgr71UMN — Whale Alert (@whale_alert) September 30, 2025 ​The latest transfer comes shortly after the approval of XRP ETFs, suggesting that whales may be engaging in profit-taking and strategic repositioning amid a mixed macroeconomic backdrop.  Notably, attention has shifted to the SEC for potential approval of additional spot ETFs in October, with XRP ranking among the assets awaiting a decision from the regulator.  Recent reports indicate that the SEC is streamlining the approval process,...