Since 2018, Chris Larsen, Chairman of the Executive Board at Ripple 
$1, has accumulated over $764 million through his XRP sales. Recent blockchain data reveals his significant financial gains through recent transactions, highlighting his move of 50 million XRP coins to a new treasury called Evernorth. This strategic maneuver aligns with larger financial activities and decisions impacting ripple’s market and investor dynamics.
XRP Profits Surpass Expectations
According to blockchain analyst Maartunn, Chris Larsen’s realized profit from XRP has reached approximately $764.20 million as of October 23, as recorded by CryptoQuant. His profits climbed dramatically in 2025, moving from under $200 million to over $750 million. This substantial increase coincided with the resolution of a lawsuit involving Ripple and the announcement of the Evernorth treasury, leading to notable outflows from wallets linked to Larsen.
Analysts have observed that Larsen tends to sell during price peaks, prompting significant investors to take profits as well. Despite some experts predicting XRP target prices between $5 and $10, Larsen’s sales have introduced a cautious atmosphere within the market. This behavior potentially signals other investors to reassess their positions concerning XRP’s price trajectory.
The transfer of 50 million XRP to the Evernorth investment initially caused panic within the community. However, Larsen clarified that this action was an investment in the new treasury rather than a sale, alleviating concerns. This explanation averted further selling pressure from major investors on altcoins like XRP, stabilizing market sentiments temporarily.
XRP’s Price Stabilization Efforts
XRP’s price recently experienced a slight drop of 1.5%, settling just above $2.30. The altcoin moved within a range of $2.34 to $2.44, with trade volume decreasing by 12%. This decline hints at weakening demand, especially as the price treads below several key moving averages and the Relative Strength Index (RSI) hovers around 40.
Seasoned analyst Ali Martinez pointed out that if XRP fails to regain its 200-day moving average of $2.59, $2.00 might act as a critical support level. Martinez predicts profit-taking could persist, influencing XRP’s short-term market trajectory. Investors and traders are urged to remain wary, given the volatile market behavior.
In recent data from CoinGlass, the open interest in XRP’s futures contracts decreased by 1.76% over a 24-hour period, totaling $3.71 billion. Nonetheless, XRP futures on CME and Binance saw slight increases of 1% and 0.5%, respectively, in the last four hours. Such changes suggest a cautious uptick in buying sentiment among derivative investors.
