Ripple’s Chris Larsen May Continue Massive XRP Sell-Off Amid Price Drop

Ripple co-founder Chris Larsen may not be finished offloading his XRP holdings, according to CryptoQuant analyst J.A. Maartun. Larsen currently controls about 2.58 billion XRP tokens valued at roughly $7.9 billion, and his recent $200 million sale could be “just a warm-up,” Maartun warned in a recent post on X.

The timing of Larsen’s transactions has raised eyebrows within the crypto community. On July 18, XRP hit an all-time high of $3.66 before plunging nearly 20%, dropping below $3. According to XRPScan, Larsen transferred an additional 1 million XRP just two days ago, coinciding with the token’s price correction.

Larsen has reportedly sold a total of 107 million XRP since the token’s rally began in November, worth around $3.3 billion at current prices. While some analysts see the sales as a bearish signal, others, including lawyer Bill Morgan, argue that the token’s underperformance cannot be solely attributed to Larsen’s selling.

This selling pattern echoes that of Ripple co-founder Jed McCaleb, who famously liquidated his XRP holdings and concluded his sales in July 2022. Both Larsen and McCaleb were initially allocated 9 billion XRP each in 2012 as part of Ripple’s founder distribution.

Despite the controversy, Larsen remains one of the wealthiest figures in crypto, with a personal net worth estimated at $11.4 billion. His continued XRP sales could influence market sentiment as traders assess the implications for Ripple’s native token amid ongoing volatility.

The XRP community will be watching closely to see if Larsen accelerates his sell-off or signals confidence in the token’s future performance.