Overview

• Blockchain data shows Larsen’s wallet shifted 50 million XRP, valued at about $175 million, to multiple addresses between July 17 and July 24.
• On-chain investigator ZachXBT identified that roughly $140 million of the transferred XRP was directed to centralized exchanges.
• The outflows coincided with XRP’s record high of $3.65 and preceded a more than 10 percent price drop to around $3.10.
• Larsen retains control of approximately 2.6 to 2.81 billion XRP, worth over $8 billion at current market levels.
• Observers say the transfers mirror past founder sell-offs at cycle tops, raising renewed scrutiny of XRP’s token concentration.