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Ripple’s executive chairman Chris Larsen has accelerated his long-running distribution of personal XRP, moving the equivalent of roughly $200 million since 17 July, according to public ledger data highlighted by on-chain investigator ZachXBT. “Since July 17 an address linked to Ripple co-founder Chris Larsen transferred out 50 M XRP (≈ $175 M) to four addresses. ≈ $140 M ended up at exchanges,” the pseudonymous investigator wrote on X, appending the destination addresses for the largest tranches.
Subsequent movements flagged by analysts at CryptoQuant lifted the 10-day tally to about 57 million XRP, taking dollar outflows past the $200 million mark at Thursday’s average price.
The transfers landed while XRP was retreating
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