Key Takeaways
- Fresh on-chain transactions have appeared in XRP wallets associated with Ripple co-founder Chris Larsen just before Tuesday’s Democratic primary runoff in Texas.
- Larsen’s tracked holdings total approximately 2.58 billion XRP spread across eight addresses, representing around $3.5 billion in current market value.
- Historical wallet activity has preceded significant price movements, including $109 million transferred to trading platforms in January 2025 and $140 million moved during July 2025 near XRP’s peak valuation.
- XRP currently trades around $1.35, while CME prepares to introduce round-the-clock XRP futures contracts on May 29.
- According to CryptoQuant analytics, Larsen’s paper gains on his XRP position have hit $764.2 million.
New blockchain activity has emerged from XRP addresses linked to Ripple’s co-founder and Executive Chairman Chris Larsen, capturing attention within cryptocurrency circles as Tuesday’s Texas Democratic primary runoff approaches.
Blockchain tracking service XRPScan reveals minor incoming transactions to addresses tagged as chrislarsen (5) and chrislarsen (7). While the transferred amounts were minimalâmeasured in fractional XRP unitsâsome connected sub-addresses recorded moderately larger movements. Multiple associated accounts now display “deleted” status, prompting speculation among blockchain watchers.
Publicly available blockchain records don’t definitively indicate whether these movements precede exchange deposits or represent routine wallet reorganization.
Understanding Chris Larsen’s Influence and Holdings
Larsen launched Ripple and maintains his role as executive chairman. His estimated holdings of 2.58 billion XRP are distributed across eight addresses monitored on XRPScan. With XRP hovering around $1.35, this allocation represents approximately $3.5 billion, positioning it among the most substantial individual cryptocurrency holdings documented publicly.
His blockchain movements consistently attract scrutiny because historical patterns show correlation with market volatility. During January 2025, addresses dormant for six to seven years suddenly reactivated, dispatching over $109 million in XRP to trading venues including Coinbase, Bitstamp, and Bybit.
In July 2025, blockchain investigator ZachXBT documented a Larsen-connected address moving 50 million XRPâapproximately $175 millionâacross four destinations, with roughly $140 million landing at exchanges. This activity aligned with XRP trading near its record high exceeding $3.40.
Since July 2025, CryptoQuant tracking indicates Larsen-associated addresses have transferred out nearly 250 million XRP cumulatively.
Political Contributions Provide Additional Background
The recent blockchain activity coincides with Larsen’s substantial political engagement. He has already reported $3.5 million in contributions supporting New York Democrat Alex Bores and has announced intentions to back Gavin Newsom during the 2028 presidential campaign.
Ripple and Coinbase have both channeled significant funds into political action committees as the 2026 midterm elections approach. The Clarity Act, legislation carrying substantial implications for XRP’s regulatory classification, is currently advancing through Congressional channels.
Larsen has remained silent regarding the recent address activity.
Current XRP Market Conditions
XRP trades near $1.35 as of publication, recovering from a recent bottom at $1.30. The 24-hour trading band extends from $1.33 to $1.36. Trading volume has declined approximately 5% during the past day.
Analyzing the daily timeframe, XRP remains positioned beneath its 50-, 100-, and 200-day simple moving averages. The Relative Strength Index registers 43.28, marginally below the neutral threshold of 50.
Aggregate XRP futures open interest totals $2.86 billion, increasing 0.20% over 24 hours. Open interest at CME and Binance decreased 0.28% and 0.66% respectively. CME will initiate continuous XRP futures trading on May 29.
CryptoQuant analytics calculate Larsen’s unrealized gains on his existing XRP allocation at $764.2 million.
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