Breaking: Massive XRP Holdings Discovered
A groundbreaking investigation has uncovered dormant XRP wallets containing a staggering 2.7 billion XRP (worth approximately $7.18 billion) linked to Ripple co-founder Chris Larsen. These long-dormant wallets, which had remained inactive for up to seven years, suddenly sprang to life in January 2025, sending shockwaves through the crypto market.
Mysterious Wallet Movements Raise Questions
According to renowned crypto investigator ZachXBT, the reactivated wallets have initiated transactions worth over $109 million to major cryptocurrency exchanges including Coinbase, Bitstamp, and Bybit. The timing and scale of these movements have sparked intense speculation within the crypto community.
Market Impact and Price Analysis
The revelation coincided with a significant announcement from former President Donald Trump regarding a proposed strategic cryptocurrency reserve, catalyzing an impressive XRP price surge:
- Initial price: $2.23
- Peak reached: $2.93
- Current stabilization: $2.60
- Overall gain: 18%
Historical Context and Previous Transfers
This isn’t the first time Larsen’s XRP movements have captured attention. In September 2020, he transferred 500 million XRP ($115 million) to NYDIG, citing security considerations. However, the scale of the current holdings and recent activities present a different magnitude of market influence.
Expert Analysis and Market Implications
Cryptocurrency analyst Sarah Chen from Digital Asset Research states, “The movement of such large XRP holdings could significantly impact market dynamics. We’re seeing increased volatility as traders attempt to interpret these movements.”
Community Response and Speculation
The crypto community remains divided on the implications of these wallet activations. Some suggest potential market manipulation, while others view it as normal portfolio management. Blockchain security expert Michael Rodriguez notes, “The timing of these movements, coinciding with Trump’s announcement, raises interesting questions about market coordination.”
Looking Ahead: Market Outlook
As the situation develops, market participants should monitor several key factors:
- Additional wallet movements
- Exchange inflow/outflow patterns
- Regulatory responses
- XRP price support levels
Source: NewsbtC