Ripple Co-Founder Chris Larsen Moves Millions in XRP to Coinbase Amid Rising Market Interest
2025-07-17 19:23:11
Main Idea
Ripple co-founder Chris Larsen transferred $26 million worth of XRP to Coinbase amid a 34% price surge, signaling increased market activity and investor interest in XRP.
Key Points
1. Chris Larsen moved $26 million in XRP to Coinbase in multiple batches of 2 million XRP tokens each.
2. XRP's price surged 34% in the past week, nearing its 2018 all-time high of $3.40.
3. Open interest in XRP futures exceeded $10 billion, indicating heightened speculative activity.
4. Larsen previously donated $20 million in XRP to support political campaigns, reinforcing Ripple's regulatory engagement.
5. Market analysts project an 85% probability that XRP will surpass its previous all-time high, supported by potential XRP ETF approvals.
Description
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