Ripple Co-Founder Chris Larsen Moves $26M in XRP to Coinbase as Price Hits 7-Month High

Key Points

1. Chris Larsen transferred $26 million worth of XRP to Coinbase on July 16, 2025, when XRP traded at $3.25, close to its 2018 all-time high.

2. Larsen-linked wallets hold 2.6 billion XRP, valued at $8.3 billion, and he previously donated $1 million in XRP to Kamala Harris’s 2024 presidential campaign.

3. Ripple and Circle applied for a U.S. National Trust Bank charter in July 2025, aiming for federal oversight and deeper integration with traditional finance.

4. Nasdaq-listed Webus International announced plans to create a $300 million XRP treasury, signaling institutional interest in XRP as a reserve asset.

5. Ripple dropped its SEC appeal over XRP’s security status, removing a legal hurdle in its long-running case with the SEC.