Ripple’s Chris Larsen Moves $26M in XRP to Coinbase

• Chris Larsen transferred $26M XRP to Coinbase as XRP hit $3.25, close to its 2018 all-time high.
• Ripple and Circle applied for a U.S. bank charter in July 2025, aiming for federal oversight.
• Larsen-linked wallets hold 2.6B XRP, and he donated $1M XRP to Kamala Harris’s 2024 campaign.

Chris Larsen, Ripple co-founder, transferred $26 million worth of XRP to Coinbase on July 16, 2025. Blockchain data from XRPscan identified the wallet as one connected to Larsen.

The move happened while XRP traded at $3.25, its highest level in over seven months.

Related: XRP ‘God Candle’ Signal from 630% Rally Flashes Again

Since January, Larsen has moved a total of 106 million XRP, worth around $344 million, from this wallet to various centralized exchanges and other addresses. The frequency and volume of these transactions increased alongside XRP’s price rise.

While there is no direct confirmation of a sale, sending funds to Coinbase suggests a possible intention to cash out.

Ripple Co-Founder Holds 2.6 Billion XRP Worth $8.3 Billion

Chris Larsen co-founded Ripple in 2013, the company that built XRP Ledger for blockchain-based cross-border payments. He stepped down as CEO in 2016 and now serves as the company’s executive chairman.

Wallets linked to Larsen, according to XRPscan, currently hold 2.6 billion XRP. At the current price of $3.25, that equals $8.3 billion. These wallets have been active throughout the year, including the $26 million XRP transfer to Coinbase.

Forbes estimates Larsen’s net worth at $10 billion as of mid-2025, up from $3.2 billion in 2024. The increase aligns with XRP’s price growth.

In October 2024, Larsen donated  $1 million in XRP to a super PAC backing Kamala Harris’s presidential run. Records confirm this was one of several political donations made using crypto.

Larsen has also contributed to other Democratic campaigns. These donations were made using his XRP holdings, according to public filings.

This political activity has continued alongside his involvement with Ripple and the XRP ecosystem.

Ripple Seeks US Bank Charter With Circle

Larsen’s on-chain activity comes as Ripple, the company, is making a major push for deeper integration with the traditional financial system. At the start of July 2025, Ripple and Circle applied for US National Trust Bank charters. 

If approved, this would place both under direct federal supervision. The application is a rare move in the digital asset sector.

Ripple’s decision aligns with broader efforts to operate within the traditional financial system. The firm has focused on compliance following legal developments with the SEC.

The charter application could allow Ripple to expand XRP-based services under a federal license.

Webus International Plans $300M XRP Treasury

In June, Nasdaq-listed Chinese firm Webus International filed plans to create a $300 million XRP treasury. The company shared this plan in a filing with US regulators.

The move signals institutional interest in XRP as a reserve asset. Webus cited XRP’s blockchain payment features as a key factor behind the decision.

The filing confirms the company intends to use XRP for future treasury management.

Ripple Drops SEC Appeal Over XRP Security Status

Later in June, Ripple chose to drop its appeal against the US Securities and Exchange Commission. The appeal concerned XRP’s legal status as a security.

The company’s decision removed one of the final legal blocks in the long-running case. Ripple had faced litigation since December 2020, when the SEC first filed the complaint.

The dropped appeal does not imply a ruling but ended further legal conflict with the agency.