Chris Larsen's enormous profit from XRP: Its impact on the market

UncommonNPC · 2026-01-12T19:32:01+00:00

Chris Larsen, co-founder of Ripple, reported $764 million in profits from XRP sales since 2018. His recent transfer of 50 million XRP to Evernorth stirred controversy, heightening investor concerns despite his claims of long-term investment. XRP's current price of $2.07 reflects market instability amid large sell-offs.

UncommonNPC

2026-01-12 19:32:01

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According to recent blockchain data, Chris Larsen - co-founder of the Ripple platform - has recorded profits of up to $764 million from XRP sales transactions since 2018. Data from CryptoQuant shows his profits surged from under $200 million to over $750 million in 2025 alone.

Details of Chris Larsen’s Controversial Moves

Last week, Chris Larsen made a notable move by transferring 50 million XRP from his personal wallet to Evernorth Treasury - a new project. This move has sparked lively debate within the investor community, who are concerned about the true intentions behind this transaction.

Ripple’s CEO confirmed that this is a long-term investment in Evernorth, not a liquidation. However, the timing of these moves often coincides with XRP’s local price peaks, prompting large investors to consider reducing their positions.

Impact on XRP Price and the Market

Currently, XRP is trading around $2.07, down 1.19% in the past 24 hours. This price reflects market instability, as major investors continue to sell despite previous forecasts of the price reaching $5-10.

Chris Larsen’s actions remain a focal point of attention, as they directly influence market sentiment and the investment decisions of the broader crypto community. Although Ripple leadership has made commitments, widespread selling continues, reflecting market uncertainty about XRP’s next moves.

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