đ¨ $9B XRP Still on the Table? Chris Larsen Wallet Sparks Investor Caution
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XRP might be cruising near the top â but whales are circling the exits.
Ripple co-founder Chris Larsen is back in the spotlight after 50 million XRP were sent from a wallet linked to him straight to exchanges. And if that sounds like a lot, buckle up: heâs still sitting on a jaw-dropping 2.58 billion XRP, worth around $9 billion at todayâs prices.
Just a Warm-Up?
Analyst J. A. Maartunn isnât sugarcoating it:
âIf $200M was just the warm-up... whatâs next?â
The concern? This could be a test balloon for a much larger offload â and if more tokens start hitting exchanges, XRP price could get crushed under sell pressure.
Right now, XRP is already 13% off its recent highs, trading around $3.21, after peaking at $3.60 on July 17. And that drop coincided almost perfectly with Larsenâs transfer.
Should You Be Worried?
Other traders are sounding the alarm too. Popular account @ManLyNFT warned:
âChris Larsen sold nearly $200M XRP in 10 days⌠Still buying? You might be his exit liquidity.â
Translation: Donât get dumped on while whales cash out.
This comes at a time when Bitcoin is also dealing with its own whale drama â 80,000 BTC recently moved from a Satoshi-era wallet through Galaxy Digital. And yet, Bitcoin barely flinched.
But XRP? The story might play out differently if more tokens flood the market.
đ§ What to Watchâ Wallets linked to Ripple execs (yes, they're trackable on-chain) â On-chain volume surges not linked to major news â Short-term price resistance around $3.40 â Any uptick in exchange wallet inflows
How You Could Profit
While big whale moves can spook the market, they also create trading opportunities:
Scalpers: Use volatility to ride short-term moves Buyers: Look for bounce zones if XRP approaches major support (e.g., $2.80 or $3) Hedgers: Protect long positions with stop-losses or options strategies Educated traders: Track wallet data and use it to front-run market sentiment
This is a classic case of âwatch what they do, not what they say.â
Bottom line: If youâre holding XRP, donât get blindsided. Whales play chess, not checkers â and the board is heating up.
Are you staying in or watching from the sidelines?
#XRP #Ripple #ChrisLarsen #CryptoWhales #Altcoins #TradingStrategy #ExitLiquidity #Markets #ETH #BTC #DeFi
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Wellâclear warning from onâchain dataâthis isnât a small transfer. Ripple coâfounder Chris Larsen moved 50âŻmillion XRP (~$175M) to exchanges just after XRP peaked near $3.60, prompting a 13% price drop. Crucially, Larsen still holds 2.58âŻbillion XRP ($8.8B). As analyst J.A. Maartunn tweeted:
âIf $200M was just the warmâup⌠whatâs next? Donât get dumped on. Donât be the exit liquidity.â
That stash represents about 4â5% of total XRP supply, a potential tailârisk for holders and short-term momentum. Traders should closely monitor further outflows before entering fresh positions. -
This transfer of $175M XRP by Larsen may be more than profitâtakingâitâs potentially a coordinated de-risking move. Blockchain investigator ZachXBT flagged that ~$140M of the tokens landed on centralized exchanges. Meanwhile, XRP open interest surged to a record $8.8B, despite the price fallâsuggesting high speculative exposure remains.
With so much XRP still in control of a single holder (~2.5B+), the potential for price shock remains real. Until insider transactions slow or on-chain flows reverse, it pays to tread cautiouslyâparticularly if your position size is exposed to XRP-specific risk.