Ripple Co-Founder Transfers $30 Million in XRP as Token Approaches All-Time High

On July 17, Chris Larsen, co-founder of Ripple, transferred $30 million worth of XRP to Coinbase, as reported by The Block. The following day, the token reached a new all-time high of $3.65.

According to XRPScan, since the beginning of 2025, Larsen has moved XRP valued at $344 million to exchanges and external wallets. It remains unclear whether any of these assets were sold.

Currently, Larsen is estimated to own approximately 2.6 billion XRP, valued at over $8.5 billion at the current exchange rate. Forbes estimates his net worth at $9.7 billion, which is $6.5 billion higher than in 2024.

Larsen’s transfers coincided with an almost 6% increase in XRP’s price over the last 24 hours, as per CoinGecko. On July 18, the altcoin surpassed its previous record of $3.4 from 2018.

At the time of writing, XRP is trading at $3.43.

The rise of Ripple’s token is part of a broader surge in the cryptocurrency market, which has seen its total market capitalization surpass $4 trillion for the first time. This rally was fueled by the approval of three cryptocurrency bills in the United States.

XRP has now become the third-largest crypto asset by market cap, surpassing USDT. The current market cap of the altcoin stands at $202 billion, while the stablecoin’s market cap is valued at $160 billion.

Dave Portnoy, creator of the sports media platform Barstool Sports, expressed disappointment about selling his XRP just two weeks before the all-time high. He shared that he sold his assets for $2.4 after advice from an acquaintance who is an expert in the field.

«I could have made millions; now I just want to cry. I don’t have XRP anymore,» he lamented in a video on X.

In February, Portnoy purchased a fake LIBRA for $170,000.

Recall that on March 25, Ripple agreed to withdraw its counter-appeal against the U.S. Securities and Exchange Commission amid the conclusion of a legal battle.