Blockchain researcher discovered a series of dormant XRP wallets connected to Ripple co -founder Chris Larsen, who had over 2.7 billion XRP. These resources are worth around $ 7.18 billion. Some of these wallets were idle from six to seven years before they reactivated unexpectedly in January 2025.
Venerable wallets begin to move huge amounts
The wallets once did not remain silent, revealed Crypto Sleuth Zachxbt. Over $ 109 million in XRP transactions were registered, and cash goes to outstanding exchanges such as CoinsBitstamp and Bybit. This unexpected activity raised doubts about the date and purpose of the transfers.
Some in the world of cryptocurrencies are worried if Larsen has lost access to their wallets and only recently regained control. Others suspect that the money changed their hands a long time ago, perhaps already in 2013. Zachxbt noticed that it is not clear if Larsen still has direct control over all these wallets.
XRP: market impact and price augment
The time of these activation of the portfolio coincided with the key announcement by US President Donald Trump. He presented ideas for a strategic cryptocurrency reserve, which includes XRP, Bitcoin, Ethereum, Solana and Cardano.
This revelation caused a rapid price augment in XRP: from USD 2.23 to $ 2.93, and then to USD 2.60, translating 18% growth. Investors and traders pay attention, with some presumption that the augment in value was connected to the movement of the wallet.
Previous transfers add more questions
Larsen’s transactions appeared earlier on the first pages of newspapers. In September 2020, he transferred about $ 500 million, worth $ 115 million at that time to an unidentified address. He later explained that the move was to Nydig for security purposes.
However, others in Cryptocurrency It was suspected that there could be other motivations, although there was no significant evidence to confirm these claims.
What next?
Discussions appeared in response to recent events. Is it just ordinary fund management or something bigger is happening? The answers are still unknown.
When the XRP community monitors these wallets, speculation persists. Will there be other significant transfers? Can it have a further impact on the XRP market price? Although no one can say for sure, one thing is certain: when billions of XRP begin to move, people will know and start to make noise.
A distinguished picture from Pexels, chart from TradingView
