The post Ripple Co-Founder Chris Larsen Cashing Out XRP Amid New Yearly High Record appeared on BitcoinEthereumNews.com.
Key Notes Chris Larsen moved $26 million worth of XRP to Coinbase amid a strong price rally. XRP hit $3.25, just 3.8% below its all-time high from January 2018. Larsen has shifted $344 million in XRP since January, raising investor attention. Ripple co-founder Chris Larsen is making headlines once again as he traded large volumes of XRP XRP $3.06 24h volatility: 5.1% Market cap: $180.66 B Vol. 24h: $6.85 B , with the cryptocurrency approaching its highest price level in over seven years. Market watchers are closely following the trend, with fresh attention now on Larsen’s recent transfer of millions of dollars in XRP. $26 Million XRP Moved to Coinbase as Price Surges According to a recent DLNews report, a wallet linked to Chris Larsen, one of Ripple’s founders, transferred $26 million worth of XRP to Coinbase on July 15. This move came as XRP climbed to $3.25, just a little less than its all-time high of $3.40, which was last reached in January 2018. It is worth noting that after that, Coinspeaker reported that XRP had surged by nearly 30%. The rise came ahead of the expected launch of the ProShares XRP ETF, which has added more attention to the asset. Notably, the timing of Larsen’s transfer has raised questions among market watchers. Since the start of 2025, Larsen’s wallet has sent over 106 million XRP. These coins are valued at around $344 million on various platforms. This steady outflow points to ongoing asset movements by the Ripple co-founder. It likely comes in response to the broader cryptocurrency rally. The rally gained more strength after Bitcoin BTC $119 366 24h volatility: 2.1% Market cap: $2.38 T Vol. 24h: $49.42 B hit a new all-time high of $122,838 a few days earlier. Larsen’s XRP movements come at a time when…