A blockchain investigator discovered a series of sleeping XRP portfolios linked to the co-founder of Ripple Chris Larsen, who had over 2.7 billion XRP. These participations are worth about $ 7.18 billion. Some of these wallets had been inactive from six to seven years before unexpectedly reactivate in January 2025.
The old wallets begin to move large quantities
The wallets one idle time did not remain quiet for a long time, disclosed ZachxBt. Over $ 109 million in XRP transactions were recorded, with cash that went to important exchanges such as Coinbase, Bitstamp and Bybit. This unexpected activity required doubts about the timing and the purpose of transfers.
Some in the world of cryptocurrencies worry if Larsen has lost access to the wallets and only recently ruled control. Others suspect that the money has changed their hands a long time ago, perhaps already in 2013. ZachxBt observed that it is not clear if Larsen still has direct control over all these wallets.
XRP: market impact and price increase
The times of these activations of the portfolio coincided with a key announcement by the President of the United States Donald Trump. He has outlined ideas for a strategic cryptocurrency reserve that includes XRP, Bitcoin, Ethereum, Solana and Cardano.
This revelation caused a strong increase in prices in XRP: from $ 2.23 to an $ 2.93 peak and then to $ 2.60, translating an increase of 18%. Investors and operators paid attention, with some, conjecturing that the increase in value was connected to the portfolio movements.
Previous transfers add more questions
Larsen transactions have already made news. In September 2020, he transferred about 500 million XRP, for a value of $ 115 million at the time, at an unidentified address. He later explained that the move was in Nydig for security purposes.
However, others in the field of cryptocurrency suspected that there could have been other reasons, although there were no substantial evidence to confirm these statements.
What comes later?
The discussions have re -emerged in response to recent developments. Is it just normal funds management or is there something bigger to do? The answers are still unknown.
While the XRP community monitors these wallets, speculation persists. Will there be other significant transfers? Could this have a further impact on the XRP market price? While nobody can say with certainty, one thing is certain: when billions of xrp start moving, people will know and start making some noise.
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