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 comply with.
- XRP dropped 13% amid market volatility, including to investor considerations 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 combined 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 steadiness as a looming threat.
In keeping with Maartunn, the Ripple co-founder nonetheless holds roughly 2.58 billion XRP — at present valued at $8.83 billion — making the 50 million token outflow a mere fraction of his whole holdings.
“If $200 million was simply the warm-up… what’s subsequent?” Maartunn requested, urging merchants to “shield your self” and keep away from turning into exit liquidity.
XRP has since corrected 13%, now buying and selling at $3.18, in line with 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.
Shield your self.https://t.co/k152FXlm8N pic.twitter.com/T5CpTQjdDa
— Maartunn (@JA_Maartun) July 25, 2025
Whereas the broader market stays unstable, considerations over insider promoting in XRP have added to investor unease.
With billions of tokens nonetheless below Larsen’s management, market members are watching intently for indicators of additional distribution, and the potential influence on XRP worth momentum.
XRP Perpetual Futures Open Curiosity Hits Report $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, in line with CoinGlass. The determine corresponds to almost 2.9 billion XRP in open contracts.
The earlier file 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 fee was constructive and climbing, signaling a market the place longs are prepared to pay shorts to take care of positions, a traditional indicator of bullish sentiment.
As reported, the variety of wallets holding no less than 1 million XRP tokens has additionally surged to an all-time excessive.
Information 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.
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