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XRP Tanks on $175M Transfer, But LF Labs (LF Coin) Becomes Safe Haven

NO LOC, JUL 24 – Chris Larsen moved 50 million XRP worth $175 million, with $140 million sent to exchanges, triggering a 10-17% price drop amid ongoing market volatility, analysts said.

  • On July 17, 2025, Ripple co-founder Chris Larsen moved 50 million XRP, according to blockchain investigator ZachXBT.
  • 0xLouisT argued about decentralizing his holdings to longer-term holders, while investors are rotating back into Bitcoin, adding market shifts and supply redistribution insights.
  • Amid market liquidity concerns, around $140 million was sent to centralized exchanges, fueling speculation of retail dumping, blockchain investigator ZachXBT noted.
  • Despite stepping down, Chris Larsen moved 50 million XRP, sparking backlash amid accusations of predatory dumping, while the community questioned Ripple’s ranking and market stability.
  • For XRP holders, the next few days could define short-term momentum and test investor patience, as large whale activity and market reactions continue to influence XRP’s outlook.
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In recent days, Chris Larsen, the co-founder of Ripple, has moved $175 million in XRP tokens. While the asset has corrected by 16% since his ATH, it seems that the entrepreneur has taken some profits. We're taking stock. Is Ripple's co-founder selling XRPs on the back of his community? appeared first on Cryptoast.

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The Motley Fool broke the news in Alexandria, United States on Wednesday, July 23, 2025.
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