Ripple’s Chris Larsen Retains 2.58B XRP, Analyst Cautions About Possible Selling Pressure

XRP investors are expressing concerns after a wallet associated with Ripple co-founder Chris Larsen transferred 50 million XRP to exchanges, a development that some believe could indicate the onset of increased selling pressure.

Key Takeaways:

• Chris Larsen, co-founder of Ripple, transferred 50 million XRP to exchanges, raising fears of a potential sell-off.
• Larsen retains 2.58 billion XRP, prompting analysts to caution that additional selling pressure may be imminent.
• XRP experienced a 13% decline amid market fluctuations, heightening investor worries regarding insider actions.

This transaction occurred shortly after XRP reached near all-time highs exceeding $3.60 on July 17.

Nevertheless, the surge was swiftly eclipsed by Larsen’s wallet activity, leading to varied responses online. Some viewed the action as a sensible profit-taking measure, while others interpreted it as a cautionary signal.

CryptoQuant Analyst Cautions XRP Holders: “Don’t Get Dumped On”

J.A. Maartunn, an analyst at the on-chain data platform CryptoQuant, advised followers on X, warning XRP holders to avoid being “dumped on.”

He highlighted Larsen’s substantial remaining XRP holdings as a potential risk.

According to Maartunn, the Ripple co-founder still possesses around 2.58 billion XRP — currently valued at $8.83 billion — making the 50 million token outflow a small portion of his overall assets.

“If $200 million was just the warm-up… what’s next?” Maartunn questioned, urging traders to “protect yourself” and refrain from becoming exit liquidity.

XRP has since corrected by 13%, now trading at $3.18, based on data from Cointelegraph Markets Pro and TradingView.

This decline occurred amid broader market anxieties as Bitcoin briefly fell to $114,500 following the movement of 80,000 BTC from a dormant Satoshi-era wallet for the first time in 14 years.

The transaction, executed by Galaxy Digital, triggered over $500 million in crypto liquidations within a 24-hour period, according to CoinGlass.

Chris Larsen (Ripple co-founder) still holds 2.58B $XRP — that’s $8.83B.
If $200M was just the warm-up… what’s next?
Don’t get dumped on.
Don’t be the exit liquidity.
Protect yourself. https://t.co/k152FXlm8N pic.twitter.com/T5CpTQjdDa

— Maartunn (@JA_Maartun) July 25, 2025

While the overall market remains unstable, worries regarding insider selling in XRP have contributed to investor apprehension.

With billions of tokens still under Larsen’s control, market participants are closely monitoring for indications of further distribution and its potential effects on XRP price momentum.

XRP Perpetual Futures Open Interest Reaches Record $8.8B

XRP experienced a surge in notional open interest for its perpetual futures contracts last week.

Notional open interest, representing the total value of leveraged positions held by traders, rose to an unprecedented $8.8 billion, according to CoinGlass. This figure corresponds to nearly 2.9 billion XRP in open contracts.

The previous record for XRP notional open interest was $8.3 billion, reached in late January prior to the commencement of former U.S. President Donald Trump’s second term.

Across most platforms, XRP’s funding rate was positive and increasing, indicating a market where long positions are willing to compensate shorts to maintain their positions, a classic sign of bullish sentiment.

As reported, the number of wallets holding at least 1 million XRP tokens has also surged to an all-time high.

Data indicates that wallets containing 1 million or more XRP collectively control over 47.32 billion tokens.

Last month, Ripple CEO Brad Garlinghouse disclosed that the company intends to withdraw its cross-appeal against the SEC, adding that the regulator is also anticipated to drop its own appeal.

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