Ripple co-founder and govt chairman Chris Larsen nonetheless controls over $7 billion in XRP tokens, in accordance with on-chain investigator ZachXBT.
Posting in his Telegram channel, ZachXBT lists seven addresses on the XRP Ledger (XRPL) that he says had been activated by Larsen and are nonetheless energetic as we speak.
The on-chain sleuth additionally says that Larsen despatched over $109 million value of XRP to crypto exchanges in January alone, presumably to promote on the open market.
“With the announcement of the US Crypto Reserve right here’s your reminder that XRP addresses activated by Chris Larsen (co-founder of Ripple) nonetheless maintain 2.7B+ XRP ($7.18B) and these addresses tied to him transferred $109M+ value of XRP to exchanges in January 2025…
(disclaimer: a number of of those addresses have been dormant for 6-7 yrs so it’s doable he misplaced entry or despatched funds to different individuals in Feb 2013. He was additionally hacked for $112M early final yr).”
The addresses that ZachXBT says belong to Larsen embody:
On Sunday, President Trump introduced by way of Reality Social that the US will set up a “crypto strategic reserve” which can embody Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL) and Cardano (ADA).
The announcement triggered a large surge in crypto markets, with XRP surging by over 37%, pushing Larsen’s web value up by billions of {dollars} in mere hours.
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