TLDR
- Ripple co-founder Chris Larsen’s XRP wallets have shown renewed on-chain activity ahead of Tuesday’s Texas Democratic primary runoff.
- Larsen holds an estimated 2.58 billion XRP across eight tracked wallets, worth roughly $3.5 billion at current prices.
- Past wallet movements have coincided with major price events, including $109 million sent to exchanges in January 2025 and $140 million moved in July 2025 near XRP’s all-time high.
- XRP is currently trading near $1.35, with CME set to launch 24/7 XRP futures trading on May 29.
- CryptoQuant data shows Larsen’s unrealized profit on his XRP holdings has reached $764.2 million.
Ripple co-founder and Executive Chairman Chris Larsen’s XRP wallets have resumed on-chain activity, drawing attention from the crypto community ahead of Tuesday’s Texas Democratic primary runoff election.
🚨NEW: Ripple Co-Founder Chris Larsen’s Wallets Become Active As He Pledges Donations in Midterm Elections🚨
On-chain analysis revealed slight XRP movements in chrislarsen (5) and chrislarsen (7) wallets.
Ripple co-founder Chris Larsen plans to donate millions in the US midterm… pic.twitter.com/ekuB5eO6gP
— Rednirav (@CryptoRednirav) May 25, 2026
On-chain explorer XRPScan shows small inflows recorded in wallets labeled chrislarsen (5) and chrislarsen (7). The amounts moved were tiny — fractions of XRP — but some related sub-wallets recorded slightly larger transfers. Several of those accounts are now labeled “deleted,” which has raised questions among observers.
Whether the current movement signals upcoming exchange transfers or is simply internal wallet management has not been confirmed from publicly available on-chain data.
Who Is Chris Larsen and Why Do His Wallet Moves Matter?
Larsen co-founded Ripple and currently serves as its executive chairman. He holds an estimated 2.58 billion XRP across eight wallets tracked on XRPScan. At current prices near $1.35, that position is worth roughly $3.5 billion, making it one of the largest known individual holdings in any single cryptocurrency.
His wallet activity has historically drawn attention because past movements have lined up with price swings. In January 2025, wallets that had been dormant for six to seven years reactivated and sent more than $109 million in XRP to exchanges including Coinbase, Bitstamp, and Bybit.
In July 2025, on-chain researcher ZachXBT reported that a Larsen-linked address transferred 50 million XRP — worth around $175 million — to four addresses, with roughly $140 million ending up at exchanges. That activity coincided with XRP trading near its all-time high above $3.40.
Since July 2025, CryptoQuant data shows wallets linked to Larsen have moved out nearly 250 million XRP in total.
Larsen’s Political Donations Add Context
The timing also overlaps with Larsen’s active political spending. He has already disclosed $3.5 million in donations to support New York Democrat Alex Bores and has expressed plans to back Gavin Newsom in the 2028 presidential race.
Ripple and Coinbase have both directed millions into political action committees ahead of the 2026 midterm elections. The Clarity Act, legislation with direct consequences for XRP’s regulatory status, is currently moving through Congress.
Larsen has not publicly commented on the latest wallet activity.
XRP Price and Market Data
XRP is trading near $1.35 at time of writing, having bounced from a recent low of $1.30. The 24-hour range sits between $1.33 and $1.36. Trading volume has dropped roughly 5% over the past 24 hours.
On the daily chart, XRP is still trading below its 50-, 100-, and 200-day simple moving averages. The Relative Strength Index sits at 43.28, slightly below the neutral midpoint of 50.
Total XRP futures open interest stands at $2.86 billion, up 0.20% in 24 hours. Open interest on CME and Binance fell 0.28% and 0.66% respectively. CME is scheduled to launch 24/7 XRP futures trading on May 29.
CryptoQuant data puts Larsen’s unrealized profit on his current XRP holdings at $764.2 million.
