Blockchain data have revealed renewed activity in XRP wallets linked to Chris Larsen, co-founder and executive chairman of Ripple, ahead of the Texas Democratic primary. Blockchain analysts observed several small transfers from addresses associated with Larsen in recent days, drawing close attention from the crypto community.
Wallet movements and market impact
The monitoring platform XRPScan has recorded symbolic XRP transfers in addresses named “chrislarsen (5)” and “chrislarsen (7),” both attributed to Larsen. Larger transactions also occurred in several associated side addresses. Meanwhile, some related wallets were marked as “deleted.” This has sparked debate among investors on whether these actions signal a market sale or a portfolio realignment by Larsen. Still, open blockchain data do not clarify the ultimate purpose behind the transactions.
Recent small transfers and address changes in Chris Larsen’s XRP wallets have fueled speculation among crypto investors about a potential major transfer. It remains unclear if these activities reflect routine portfolio management or preparations for exchange deposits.
Glossary: XRPScan is a public analytics platform allowing real-time tracking of wallets and transactions on the XRP blockchain.
Chris Larsen’s XRP holdings and historical transfers
Chris Larsen, as Ripple’s co-founder and current executive chairman, is considered one of the largest individual holders of XRP. According to XRPScan data, Larsen controls some 2.58 billion XRP spread across eight different wallets. At current prices, these holdings are valued at approximately $3.5 billion.
Movements in Larsen’s wallets have historically influenced XRP price volatility. In January 2025, $109 million in XRP was transferred from previously dormant addresses to major exchanges after six or seven years of inactivity. Another surge in July 2025 saw roughly 50 million XRP ($175 million) moved across four addresses, with $140 million reportedly reaching centralized exchanges. During this period, XRP’s price broke above $3.40, setting a record. Since then, over 250 million XRP have been transferred from addresses connected to Larsen.
| Date | Amount transferred (XRP) | Market value (USD) | Destination |
|---|---|---|---|
| January 2025 | 109 million | 109 million | Exchanges (Coinbase, Bitstamp, Bybit) |
| July 2025 | 50 million | 175 million | Four addresses, $140 million to exchanges |
Political ties and support
The latest activity in Larsen’s wallets coincides with significant political events leading up to the Texas Democratic primaries and the US midterm elections. Larsen recently donated $3.5 million in support of New York Democrat Alex Bores and has pledged to back Gavin Newsom’s expected 2028 presidential campaign.
Leading crypto firms such as Ripple and Coinbase have also increased political engagement in advance of the 2026 elections. The Clarity Act, a bill currently under debate in Congress that could influence the regulatory status of XRP, tops the agenda for both Ripple and Larsen. To date, Larsen has issued no public statement regarding the latest wallet transfers.
XRP price trends and technical outlook
At present, XRP is trading near $1.35. The coin touched a 24-hour low of $1.30 and a high of $1.36, while trading volume dropped by 5% over the same period.
XRP’s daily chart shows the price moving below its 50-, 100-, and 200-day simple moving averages. The Relative Strength Index sits at 43.28, below the neutral 50 mark. Open interest stands at $2.86 billion, up 0.20% in the last day, while open positions on CME and Binance fell by 0.28% and 0.66%, respectively. Notably, CME is expected to launch 24-hour XRP futures contracts on May 29.
Data from CryptoQuant indicate that unrealized gains on Larsen’s XRP holdings currently total around $764.2 million.
