On July 17, Ripple co-founder Chris Larsen transferred $30 million worth of XRP to the Coinbase exchange. The following day, the XRP token surged to a new all-time high of $3.65, drawing significant attention from both traders and the broader crypto community, as the move signaled major activity among leading holders.
Data from XRPScan shows that Larsen has sent $344 million worth of XRP to exchanges and external wallets since the start of 2025. It remains unknown whether any of these transferred assets have been sold, adding to speculation about Larsen’s long-term intentions and the possible impact on XRP’s price dynamics and supply.
Currently, the Ripple co-founder holds approximately 2.6 billion XRP, valued at more than $8.5 billion at current market rates. Forbes now estimates Larsen’s overall fortune at $9.7 billion—an increase of $6.5 billion since 2024—reflecting the remarkable rally in digital assets this year and his ongoing influence in the sector.
XRP Reaches New All-Time High
Larsen’s latest transfers coincided with a nearly 6% rise in XRP’s price over the past 24 hours, as recorded by CoinGecko. On July 18, the altcoin shattered its previous all-time high of $3.40, set back in 2018, further energizing supporters and sparking renewed optimism about the token’s future prospects.
At the time of writing, XRP is trading at $3.49, consolidating slightly below its fresh record.
This upward momentum has fueled broader market interest, prompting new traders and institutional players alike to reassess the token’s potential as a leading digital asset.
The token’s rise came amid an overall surge in the crypto market, with total capitalization surpassing the $4 trillion mark for the first time ever. This historic rally was catalyzed by the recent approval of three key U.S. bills:
CLARITY Act: Establishing a clear structure for the digital asset sector.
Anti-CBDC Act: Opposing the issuance of a central bank digital currency by the Federal Reserve.
GENIUS Act: Laying out new regulations for stablecoins.
As a result, XRP is now the world’s third-largest crypto asset by market value, surpassing Tether (USDT). The altcoin’s capitalization sits at $202 billion, while USDT is now valued at $160 billion. These developments highlight both investor confidence in XRP’s ecosystem and the evolving landscape of digital asset regulation in the United States.
