XRP buyers are elevating pink flags after a pockets linked to Ripple co-founder Chris Larsen despatched 50 million XRP to exchanges, a transfer that some worry might sign the beginning of broader promote stress.
Key Takeaways:
- Ripple co-founder Chris Larsen moved 50M XRP to exchanges, sparking fears of a broader sell-off.
- Larsen nonetheless holds 2.58B XRP, main analysts to warn that extra promote stress might observe.
- XRP dropped 13% amid market volatility, including to investor issues about insider exercise.
The transaction got here simply days after XRP surged to close all-time highs above $3.60 on July 17.
Nevertheless, the rally was shortly overshadowed by Larsen’s pockets exercise, prompting blended reactions on-line. Some interpreted the transfer as a logical profit-taking step, whereas others noticed it as a warning signal.
CryptoQuant Analyst Warns XRP Holders: “Don’t Get Dumped On”
J.A. Maartunn, an analyst at on-chain information platform CryptoQuant, cautioned followers on X, warning XRP holders to not “get dumped on.”
He pointed to Larsen’s huge remaining XRP stability as a looming danger.
Based on Maartunn, the Ripple co-founder nonetheless holds roughly 2.58 billion XRP — at the moment valued at $8.83 billion — making the 50 million token outflow a mere fraction of his complete holdings.
“If $200 million was simply the warm-up… what’s subsequent?” Maartunn requested, urging merchants to “defend your self” and keep away from turning into exit liquidity.
XRP has since corrected 13%, now buying and selling at $3.18, based on information from Cointelegraph Markets Professional and TradingView.
The drop got here amid wider market jitters as Bitcoin briefly plunged to $114,500 after a dormant Satoshi-era pockets moved 80,000 BTC for the primary time in 14 years.
The transaction, processed by Galaxy Digital, triggered over $500 million in crypto liquidations inside 24 hours, per CoinGlass.
Chris Larsen (Ripple co-founder) nonetheless holds 2.58B $XRP — that’s $8.83B.
If $200M was simply the warm-up… what’s subsequent?
Don’t get dumped on.
Don’t be the exit liquidity.
Defend your self.https://t.co/k152FXlm8N pic.twitter.com/T5CpTQjdDa
— Maartunn (@JA_Maartun) July 25, 2025
Whereas the broader market stays unstable, issues over insider promoting in XRP have added to investor unease.
With billions of tokens nonetheless underneath Larsen’s management, market contributors are watching carefully for indicators of additional distribution, and the potential affect on XRP value momentum.
XRP Perpetual Futures Open Curiosity Hits File $8.8B
XRP noticed a spike in notional open curiosity for its perpetual futures contracts final week.
Notional open curiosity, the full worth of leveraged positions held by merchants, climbed to an all-time excessive of $8.8 billion, based on CoinGlass. The determine corresponds to almost 2.9 billion XRP in open contracts.
The earlier report for XRP notional open curiosity stood at $8.3 billion, which was hit in late January earlier than the beginning of former U.S. President Donald Trump’s second time period.
Throughout most venues, XRP’s funding price was constructive and climbing, signaling a market the place longs are keen to pay shorts to take care of positions, a traditional indicator of bullish sentiment.
As reported, the variety of wallets holding not less than 1 million XRP tokens has additionally surged to an all-time excessive.
Knowledge exhibits that wallets holding 1 million or extra XRP collectively management over 47.32 billion tokens.
Final month, Ripple CEO Brad Garlinghouse revealed the corporate plans to withdraw its cross-appeal towards the SEC, including that the regulator can also be anticipated to drop its personal enchantment.
The publish Ripple’s Chris Larsen Nonetheless Holds 2.58B XRP, Analyst Warns of Potential Promote Stress appeared first on Cryptonews.