Ripple’s co-founder just moved over $120 million XRP; Here’s why
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 ...