Ripple’s Chris Larsen Cashed Out $764M, Again Near a High?

 Key Insights:

• Chris Larsen transferred 50 million XRP this week, pushing total realized profit to $764 million.
• On-chain data shows repeated XRP sales from Larsen-linked wallets near recent price highs.
• XRP price remains above $2.30 but shows weakness below key moving averages and declining volume.

Chris Larsen, co-founder and executive chairman at Ripple, has now realized over $764 million in profit from XRP since 2018. The latest transfer—50 million XRP—was sent from one of Larsen’s wallets to Evernorth, a new treasury initiative built on XRP.

Blockchain analyst Maartunn shared data showing a continued pattern of large XRP sales tied to Larsen, often occurring around local price peaks. “Yes, the latest sale is tied to EvernorthXRP. But this isn’t an isolated event,” the analyst said, suggesting the timing of these sales has raised questions among traders.

On-Chain Records Show Accelerated Profit in 2025

Data from CryptoQuant indicates that Larsen’s realized profit stayed below $200 million until 2025, before quickly climbing past $750 million. This increase came as XRP rallied and legal pressures around Ripple eased following the end of the SEC lawsuit.

Recent wallet activity shows several outflows from addresses associated with Larsen. One transaction, involving 50 million XRP, triggered community concern earlier this week. Larsen later confirmed the funds were part of his investment in Evernorth, helping ease fears of another selloff.

XRP Holds $2.30, But Market Weakness Lingers

XRP was trading just above $2.30, with a 24-hour drop of 1.5%. Daily price action has ranged between $2.34 and $2.44. Trading volume fell by 12% in the same period, pointing to reduced activity from market participants.

On the technical side, XRP remains below its 50, 100, and 200-day moving averages. The RSI is holding around 40, suggesting limited strength in current price action. Analyst Ali Martinez commented, “$2 is the next key target” if the price fails to regain control above the 200-DMA at $2.59.

Derivatives Traders Show Mixed Sentiment

In the derivatives market, CoinGlass reports a 1.8% drop in XRP futures open interest, now standing at $3.71 billion. Despite this decline, open interest on CME and Binance edged higher in the last four hours, showing small increases of over 1% and 1% respectively.

This behavior may reflect a shift toward short-term positioning, as investors react to recent wallet activity and broader uncertainty surrounding XRP’s next move.