Chris Larsen’s XRP Move: Market Mayhem Ensues 🤯

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Okay, folks, gather ’round! The crypto community is going bonkers 🤪 over a big fat transaction from Ripple cofounder Chris Larsen’s wallet. It seems he’s moved a whopping $26 million in XRP to Coinbase, and now everyone’s wondering if he’s gonna sell, sell, SELL! 🤑

Ripple co-founder Chris Larsen’s crypto wallet transferred approximately $26 million worth of XRP to Coinbase this week. It remains unclear whether the funds have been sold. Since the beginning of the year, the wallet has transferred a total of around 106 million XRP. XRP…

— Wu Blockchain (@WuBlockchain) July 17, 2025

So, what’s the big deal? Well, when a big cheese like Larsen makes a move, the market gets a little… anxious 😬. It’s like when your aunt Mildred decides to sell her famous potato salad recipe – everyone wants a piece of the action! 🤣

This isn’t the first time Larsen’s wallet has seen some action in 2025. Since the start of the year, it’s transferred a total of nearly 106 million XRP, currently worth a cool $344 million, to centralized exchanges and auxiliary wallets. That’s a lotta clams! 🐚

XRP Price: To the Moon! 🚀

And if that’s not enough, XRP’s price is getting close to its all-time high of $3.40! 🚀 It’s like the whole crypto world is waiting with bated breath to see what happens next. Will it go up? Will it go down? Will it go sideways? 🤔

XRP’s recent climb has got everyone’s attention, from retail investors to institutional bigwigs. Any large transactions are bound to make waves, and this one’s no exception. It’s like throwing a stone into a quiet pond – it’s gonna make some ripples! 🌟

On Wednesday, XRP momentarily reached $3.30 during Asian hours, and futures markets went wild! 🌪️ The coin is now trading less than 4% below its all-time high, and everyone’s wondering what’s next. Will it break through the ceiling? 🤯

Futures open interest increased to $9.98 billion, the highest since 2021, as traders took long bets like they were going out of style! 🎲 On-chain data shared by Ali, a crypto analyst, shows that over 2.2 billion XRP have been accumulated by large holders in the past two weeks. That’s a whole lotta XRP! 🤯

And if you thought that was all, folks, think again! ProShares XRP Futures ETF is expected to launch on July 18, and everyone’s waiting with bated breath to see what happens next. It’s like the whole crypto world is holding its collective breath, waiting for the other shoe to drop! 😱

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2025-07-17 18:59