Between July 17 and 23, blockchain analysts tracked over 50 million moved from Larsen’s wallets to various exchanges and off-ramp services. These transfers began just as XRP touched its all-time high, sparking a sudden 10%+ pullback from $3.65 to $2.99.
This pattern isn’t new. During the 2017–2018 bull market, similar founder wallet outflows also aligned with market peaks. With over 2.8 billion XRP still reportedly under Larsen’s control, traders are concerned that the token’s price could remain vulnerable to insider-triggered swings.
On-chain data confirmed the balance drop, and Ripple has yet to comment on the timing or intent. Meanwhile, critics argue this casts doubt on XRP’s decentralization narrative, especially after details emerged from a 2012 agreement showing the token’s early supply was heavily concentrated among the founders.
