{"id":49646,"date":"2025-03-05T00:30:53","date_gmt":"2025-03-05T00:30:53","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=49646"},"modified":"2025-03-05T00:30:53","modified_gmt":"2025-03-05T00:30:53","slug":"ripple-co-founder-tied-to-untouched-xrp-holdings-worth-billions-crypto-sleuth","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=49646","title":{"rendered":"Ripple Co-Founder Tied To Untouched XRP Holdings Worth Billions\u2014Crypto Sleuth"},"content":{"rendered":"

A blockchain investigator discovered a series of dormant XRP wallets linked to Ripple co-founder Chris Larsen, which had over 2.7 billion XRP<\/a>. These holdings are worth around $7.18 billion. Some of these wallets had been idle for six to seven years before unexpectedly reactivating in January 2025.<\/p>\n

Old Wallets Begin Moving Large Amounts<\/strong><\/h2>\n

The once-idle wallets did not remain quiet for long, crypto sleuth ZachXBT disclosed. More than $109 million in XRP transactions were registered, with cash going to prominent exchanges such as Coinbase<\/a>, Bitstamp, and Bybit. This unexpected activity has prompted doubts regarding the timing and purpose of the transfers.<\/p>\n

Some in the cryptocurrency world worry if Larsen lost access to the wallets and only recently regained control. Others suspect that the money changed hands a long time ago, possibly as early as 2013. ZachXBT remarked that it is unclear whether Larsen still has direct control over all of these wallets.<\/p>\n

XRP: Market Impact And Price Surge<\/strong><\/h2>\n

The timing of these wallet activations coincided with a key announcement<\/a> by US President Donald Trump. He outlined ideas for a strategic cryptocurrency reserve that comprises XRP, Bitcoin, Ethereum, Solana, and Cardano.<\/p>\n

This revelation caused a sharp price uptick in XRP: from $2.23 to a peak of $2.93 and then to $2.60, translating to an 18% increase. Investors and traders paid attention, with some conjecturing that the value increase was connected to the wallet movements.<\/p>\n

Previous Transfers Add More Questions<\/strong><\/p>\n

Larsen\u2019s transactions have made headlines before. Back in September 2020, he transferred approximately 500 million XRP, worth $115 million at the time, to an unidentified address. He later explained that the move was to NYDIG for security purposes.<\/p>\n

Nonetheless, others in the cryptocurrency<\/a> field suspected that there could have been other motivations, although there was no substantial proof to corroborate those assertions.<\/p>\n

What Comes Next?<\/strong><\/p>\n

Discussions have resurfaced in response to recent developments. Is this just ordinary fund management, or is there something bigger going on? The answers are still unknown.<\/p>\n

As the XRP community monitors these wallets, speculation persists. Will there be other significant transfers? Could this have a further impact on the XRP market price? While no one can say for sure, one thing is certain: when billions of XRP start moving, people will know and start to make some noise.<\/p>\n

Featured image from Pexels, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"

A blockchain investigator discovered a series of dormant XRP wallets linked to Ripple co-founder Chris Larsen, which had over 2.7 billion XRP. These holdings are worth around $7.18 billion. Some of these wallets had been idle for six to seven years before unexpectedly reactivating in January 2025. Old Wallets Begin Moving Large Amounts The once-idle […]<\/p>\n","protected":false},"author":0,"featured_media":49647,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-49646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/49646"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49646"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/49646\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/49647"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}