This week, the crypto seas are choppier than a gondolier on a caffeine binge, as XRP‘s whirlpool of activity leaves investors dizzy. Central figure, one Christopher Larsen, Ripple’s very own co-founder, has performed a bit of digital spring cleaning by shuffling a hefty $175 million in XRP—50 million coins, no less—between his wallets. The blockchain detectives, led by ZachXBT, have flagged these transfers, noting that approximately $140 million of this fortress of wealth has found its way into the welcoming arms of centralized exchanges. Clearly, the whales are feeling frisky, and the market’s watching with the fervor of a cat eyeing a particularly elusive laser pointer. 🐱
Larsen’s $175M XRP Shuffle Sparks a Circus of Speculation
Two fortunate wallets received a generous 30 million XRP each, with a third bagging 10 million. The remaining $35 million slipped quietly into two freshly minted digital vaults, each claiming 5 million XRP—probably a subtle bid for privacy, or just a way to keep regulators guessing. The splurge has ignited chatter among the crypto crowd, some crying foul—accusing Larsen of dumping on the faithful—while others defend his actions as a noble act of decentralization, handing out XRP to long-term holders with the stealth of a cat burglar. With over 2.81 billion XRP still nestling in Larsen’s coffers, the questions of motive—or perhaps mischief—persist among market-watchers. 🤔
Since July 17, 2025, a mysterious address linked to Ripple’s venerable co-founder, Chris Larsen, has been busy transferring out half a hundred million XRP—worth $175M—to four different destinations.
Most ($140M) vanished into the maw of exchanges and trading services.
Recipients include:
rPS9kVPbgZF4vXq2hs6s9Xv2754qdRau98
rnQXgGAjqbF4KoBpcBK5YBHyZEL7nGWWoi
10M XRP in another lucky recipient…— ZachXBT (@zachxbt) July 24, 2025
The timing is almost as suspicious as a cat tiptoeing across a freshly mopped floor. The crypto community is divided: some see it as a dump—wrecking loyal holders’ hopes—while others see a masterstroke in decentralization, spreading XRP to the eager long-term crowd. Still, Larsen’s wallets hold a staggering 2.81 billion XRP—all worth roughly $8.4 billion, or nearly 5% of the total XRP universe. Now, that’s what I call having a finger in every pie. 🥧
Meanwhile, XRP’s price decided to take a joyride from its recent peak of $3.60 to dip below $3.10—an unwelcome 17% slide. But fear not, for the wise say this is merely a fleeting pullback in what promises to be a bullish marathon. Some analysts suggest the wavering XRP might have already completed its fourth wave correction or could dip further, around $2.64, before it rockets off into the fifth wave. Expect fireworks—just maybe not today, but soon enough. 🎆
Over $140M XRP Shot to CoinBase—No Refunds? 🚀
Whale Alert reports that yesterday, nearly 17 million XRP—worth over $58 million—made a beeline from an unknown wallet into the cozy arms of Coinbase. Such moves often suggest a whale is eyeing the exit door, and who can blame them? The markets shudder at the thought of large sell-offs, and the price tends to wobble nervously. Today’s tally? Over 44 million XRP—more than $140 million—has hopped from anonymous wallets into Coinbase’s vaults in just a day. Whether this is rebalancing or just rearranging deckchairs on the Titanic is left to the imagination. 🤷♂️
27,459,265 #XRP (worth $85.8 million) was transferred from an unknown wallet directly to #Coinbase, as per Whale Alert. Intrigue abounds!
— Whale Alert (@whale_alert) July 24, 2025
Whale Transfers—The Never-Ending Saga
And the plot thickens: reports reveal two colossal transfers of over 200 million XRP—worth approximately $700 million—probably originating from Ripple’s own treasure troves. The crypto universe waits with bated breath, popcorn in hand, as these titanic moves unfold. XRP is currently resting at $3.15—a modest 6% decline in 24 hours. Experts suggest this is a normal correction in a bigger bullish narrative, with some theorizing that XRP might dip to around $2.64 before resuming its upward journey. The crystal ball remains cloudy, but the spirits of XRP are optimistic, buzzing with promises of higher highs. 🌤️
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2025-07-24 16:23