Ripple co-founder makes surprising $26M XRP move as ETF launch nears originally appeared on TheStreet .
A wallet belonging to Ripple co-founder and executive chairman Chris Larsen transferred $26 million in XRP to the Coinbase (Nasdaq: COIN) crypto exchange on July 15, as per a recent DL News report .
Ripple is a blockchain tech and crypto payments firm behind the XRP Ledger, the native cryptocurrency of which is XRP.
The wallet transferred 8 million XRP tokens to the centralized exchange, valued at more than $26 million at the time of writing.
This year alone, the same wallet has transferred 106 million XRP worth $344 million to exchanges and auxiliary wallets.
Larsen's estimated net worth is $10 billion, making him one of the world's wealthiest individuals.
With a market cap of $194 billion, XRP is the third-largest cryptocurrency after Bitcoin and Ethereum .
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The asset has also been at the center of one of the most hotly debated court battles surrounding the burgeoning crypto industry, which put XRP's financial status under the scanner. The case is still going on.
Owing to the recent bull run, the crypto asset has soared more than 30% over the last seven days — the highest weekly gain among the top 10 cryptocurrencies.
At press time, XRP was exchanging hands at $3.31, less than 15% lower than its all-time high (ATH) of $3.84 that it reached on Jan. 4, 2018.
XRP's recent surge has also been fueled by the anticipation around the launch of the Proshares Ultra XRP exchange-traded fund (ETF) on July 18 .
Meanwhile, the U.S. administration has dubbed the week of 14th "Crypto Week," as the House of Representatives is expected to debate crypto-related bills. If any of these bills pass, a further crypto market rally is anticipated.
Ripple co-founder makes surprising $26M XRP move as ETF launch nears first appeared on TheStreet on Jul 17, 2025
This story was originally reported by TheStreet on Jul 17, 2025, where it first appeared.
