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  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
    ethereumEthereum (ETH) $ 2,365.53 1.12%
    tetherTether (USDT) $ 1.00 0.2%
    bnbBNB (BNB) $ 302.66 0.19%
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image-alt-1BTC Dominance: 58.93%
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image-alt-3 BTC/ETH Ratio: 26.62%
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image-alt-5Volume 24h: $144.96B
image-alt-6 ETH Gas Price: 5.1 Gwei
 

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$140 million in XRP to exchanges

$140 million in XRP to exchanges triggers market speculation

Mariam Al-Yazidi

$140 million in XRP to exchanges has sparked speculation about a possible sell-off by Ripple insiders.

This activity comes as blockchain detective ZachXBT flagged massive movements from a wallet linked to Ripple co-founder Chris Larsen. Since July 17, the wallet has moved 50 million XRP, worth around $161 million at the time. Most of this—$140 million—appears to have gone to exchange-linked wallets, likely for liquidation.

Such whale transactions always stir the community. Traders get nervous when big players like Larsen move tokens, especially to exchanges. Of the total 50 million XRP, 30 million went to two well-known exchange addresses. Another 10 million landed in a third address with a history of receiving trade-bound assets.

Whale wallets stir investor caution

The remaining 10 million XRP were split between two fresh wallets with no prior activity. This move has only deepened the mystery. Why the new addresses? Are they decoys, cold storage, or placeholders before future sales?

Large XRP movements from insiders are nothing new. Back in 2020, the SEC alleged that Larsen and his spouse sold $450 million worth of XRP between 2017 and 2020. At the same time, Ripple CEO Brad Garlinghouse was accused of cashing out $150 million personally.

As of now, ZachXBT claims Larsen-controlled addresses still hold about 2.81 billion XRP. That stash is valued at nearly $9 billion at the current price of $3.20. While XRP briefly hit $3.65 on July 18, the rally cooled quickly amid a market-wide pullback.

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$140 million in XRP to exchanges fuels liquidation fears

Just days before XRP’s all-time high, Larsen reportedly transferred nearly $30 million in tokens to Coinbase. The timing led many to believe he may have sold at the peak. Now, this new batch of $140 million in XRP to exchanges has added fresh pressure on prices.

Whale activity creates short-term volatility. Even if it doesn’t crash the market, it certainly shakes retail sentiment. XRP is known for big price swings when liquidity pools shift. Traders are bracing for more movement as analysts track further transactions from Larsen-linked wallets.

Crypto community watches Ripple insiders closely

The crypto world watches Ripple insiders like hawks. The large holdings they command give them massive influence over market trends. While there’s no confirmed sale yet, the pattern of past behavior gives reason for caution. As ZachXBT continues to report movements, the XRP community remains alert.

Will this trigger a price drop, or is it just smart reallocation ahead of regulatory moves? Either way, all eyes are on what happens next.

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Why is $140 million in XRP to exchanges such a big deal?

Because it likely signals a large-scale liquidation by a Ripple insider, which can flood the market and drop prices. In this case, Chris Larsen—Ripple co-founder—moved the funds. Historically, such actions have preceded or coincided with price volatility. Given that XRP whales hold large supply portions, even small changes in their behavior can impact the broader market. The community always pays close attention to large token flows toward known exchange wallets.

Who is ZachXBT and why is his analysis important?

ZachXBT is a respected onchain investigator known for exposing shady crypto transactions. He has a strong track record of accurate wallet tracking and early warnings. In this instance, his spotlight on Larsen’s wallet activity gives the XRP community transparency. He helps decode blockchain movements that might otherwise go unnoticed. His findings provide traders with critical insights that can influence decision-making in fast-moving markets.

How much XRP does Chris Larsen still hold?

According to ZachXBT, wallets linked to Larsen still control about 2.81 billion XRP. At current prices, that’s worth around $9 billion. This makes him one of the largest XRP holders globally. His movements can influence market sentiment significantly. While all the tokens aren’t guaranteed to hit exchanges, just the possibility of sales creates caution among investors.

Will the $140 million XRP movement affect the price?

Possibly. When such large amounts move to exchanges, it usually increases selling pressure. That can trigger price drops, especially if market liquidity is thin. The price of XRP has already cooled after its recent all-time high, and additional selling might deepen the correction. However, it’s also possible that some of the tokens are being repositioned or held in reserve. The next few days will be critical for determining market direction.

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