Recent revelations indicate that Ripple co-founder Chris Larsen’s XRP addresses are still holding an impressive $7.18 billion worth of XRP.
Investigative insights reveal that Ripple wallets associated with Chris Larsen maintain a substantial balance of over 2.7 billion XRP, approximately equivalent to $7.18 billion. Many of these addresses have remained inactive for periods spanning 6 to 7 years, raising eyebrows within the crypto community.
This disclosure comes shortly after the announcement of a new U.S. strategic crypto reserve that will include XRP alongside major cryptocurrencies like Bitcoin, Ethereum, Solana, and Cardano.
Moreover, these addresses previously transferred over $109 million in XRP to various crypto exchanges, although it remains uncertain whether these assets were sold. Additionally, Larsen experienced a security breach last year, leading to a loss of about $112 million.
This isn’t the first instance where Larsen’s wallet activity has raised concerns about the potential for large-scale XRP sales. In September 2020, he transferred roughly 500 million XRP—valued at about $115 million at the time—to a custody provider, which sparked speculation regarding the possibility of discreet selling channels, despite the lack of concrete evidence to support such claims.
