Ripple’s Chris Larsen Transfers $26M in XRP Amid ETF Speculation and Price Nearing Record High
2025-07-19 03:09:34
Main Idea
Ripple executive Chris Larsen transferred $26M in XRP to Coinbase amid XRP's price rally, driven by institutional accumulation and anticipation of the ProShares XRP Futures ETF launch.
Key Points
1. Chris Larsen's wallet transferred approximately 106 million XRP (around $344M) to centralized exchanges, with a recent $26M transfer to Coinbase.
2. Institutional investors have accumulated nearly $10 billion in XRP, supporting its price resilience.
3. The ProShares XRP Futures ETF, expected to launch on July 18, is fueling market enthusiasm by offering regulated exposure to XRP futures.
4. Larsen's transfers may indicate portfolio adjustments during a period of strong market momentum.
5. The ETF's debut could enhance liquidity and reinforce XRP's position in the crypto ecosystem.
Description
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