XRP wallet linked to Chris Larsen still has $9B to sell, analyst warns
Main Idea
An analyst warns that XRP could face significant selling pressure as a wallet linked to Ripple co-founder Chris Larsen still holds $8.83 billion worth of XRP, following a recent sale of 50 million XRP.
Key Points
1. A wallet linked to Ripple co-founder Chris Larsen recently sold 50 million XRP, raising concerns about further selling pressure.
2. The wallet still holds 2.58 billion XRP, valued at $8.83 billion, which could significantly impact the market if more is sold.
3. XRP's price has corrected by 13% after reaching near all-time highs, with analysts advising caution to avoid being 'exit liquidity'.
4. Other market participants, including trader ManLy, echoed concerns about Larsen's large XRP sales potentially affecting the market.
5. Despite the XRP sell-off, Bitcoin's price remained resilient after a separate large sale of 80,000 BTC by a long-dormant whale.
Description
XRP selling pressure could mushroom if the recent 50 billion XRP sale from a wallet linked to Ripple's Chris Larsen was "just the warm-up."
Latest News
- XRP dip was a ‘healthy correction,’ Ether supply shock: Hodler’s Digest, July 20 – 262025-07-26 23:39:48
- Solo Bitcoin miner scores $373,000 block reward2025-07-26 22:33:44
- 'Parabolic bull markets and devastating bear markets are over’ — BTC analyst2025-07-26 19:50:03
- Bitcoin bulls 'in control’ as BTC price rebounds to $118K2025-07-26 17:54:30
- Demographics will 'leapfrog' Bitcoin adoption in Pakistan — Bilal Bin Saqib2025-07-26 17:42:09