Ripple co-founder and govt chairman Chris Larsen nonetheless controls over $7 billion in XRP tokens, based on on-chain investigator ZachXBT.
Posting in his Telegram channel, ZachXBT lists seven addresses on the XRP Ledger (XRPL) that he says have been activated by Larsen and are nonetheless energetic in the present day.
The on-chain sleuth additionally says that Larsen despatched over $109 million price 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+ price 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 12 months).”
The addresses that ZachXBT says belong to Larsen embody:
On Sunday, President Trump introduced through Fact 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 an enormous surge in crypto markets, with XRP surging by over 37%, pushing Larsen’s web price up by billions of {dollars} in mere hours.
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