TLDR
- Chris Larsen’s XRP profit rises to $764M since 2018, driven by recent wallet moves.
- Larsen transfers 50M XRP to Evernorth treasury amid ongoing whale selloffs.
- Evernorth plans $1B raise backed by Ripple, SBI, and major crypto firms.
- XRP trades above $2.30 as traders monitor whale activity and profit booking.
Ripple’s executive chairman Chris Larsen has expanded his XRP realized profit to over $764 million following recent on-chain movements tied to the Evernorth treasury investment. The transfer of 50 million XRP from one of Larsen’s wallets drew attention from the crypto community amid continued whale activity, ongoing treasury developments, and shifting investor sentiment around XRP’s price performance.
Larsen’s XRP Realized Profit Surges in 2025
According to on-chain data shared by analyst Maartunn on October 23, Chris Larsen’s realized profit from XRP sales has reached $764,209,610 since 2018. The data, sourced from CryptoQuant, shows Larsen’s profits rose sharply in 2025, climbing from under $200 million earlier in the year to above $750 million.
The increase followed multiple XRP transfers from Larsen-linked wallets during price rallies and corporate updates related to Ripple and its ecosystem. “Yes, the latest sale is tied to EvernorthXRP. But this isn’t an isolated event,” Maartunn said, confirming that Larsen has been strategically managing his holdings over several years.
Market observers noted that Larsen’s previous XRP sales often coincided with local price highs. These activities led to broader selloffs by large holders despite technical analysts projecting potential price targets of $5 and $10.
Evernorth Investment and Whale Activity
Earlier this week, Larsen confirmed that his 50 million XRP transfer was directed toward an investment in Evernorth, the new XRP-based treasury venture supported by Ripple and SBI Group. The statement helped ease market uncertainty after traders speculated about large-scale liquidations.
Evernorth recently announced a plan to raise $1 billion for its treasury expansion, with $200 million contributed by SBI Group and additional investments from Ripple, Rippleworks, Pantera Capital, Kraken, and GSR. The initiative aims to strengthen XRP’s role in corporate treasury operations and enhance liquidity for on-chain financial systems.
The confirmation from Larsen reassured investors, as it indicated reinvestment into ecosystem development rather than market exits. However, ongoing whale movements and profit-taking behavior continue to influence short-term trading sentiment.
XRP Market Performance and Technical Trends
At the time of writing, XRP trades above $2.30 after declining more than 1.5% in the past 24 hours. The cryptocurrency recorded a 24-hour low of $2.34 and a high of $2.44. Trading volume fell 12%, reflecting reduced market participation following recent volatility.
Technical data shows XRP trading below its 50-day, 100-day, and 200-day simple moving averages. The Relative Strength Index stands near 40, indicating a neutral-to-weak momentum range. Analyst Ali Martinez suggested that XRP could drop to $2 if it fails to reclaim the 200-day moving average near $2.59.
Martinez stated that traders may continue to take profits, saying, “If prices stay below key averages, short-term selloffs are likely.”
Derivatives Data Show Cautious Buying
CoinGlass data recorded slight buying activity in XRP derivatives over the past few hours. Total XRP futures open interest dropped 1.76% to $3.71 billion within 24 hours. However, futures open interest on CME and Binance rose 1% and 0.5%, respectively, suggesting selective accumulation by professional traders.
Despite reduced spot volume, derivatives traders appear to be positioning cautiously as the market adjusts to large transactions and shifting sentiment around Ripple’s ecosystem.
As Evernorth progresses with its $1 billion expansion plan and Ripple continues strengthening its treasury network, Larsen’s reinvestment and realized gains highlight growing participation by early Ripple executives in the evolving XRP ecosystem.
Stay Ahead of the Market with Benzinga Pro!
Want to trade like a pro? Benzinga Pro gives you the edge you need in today's fast-paced markets. Get real-time news, exclusive insights, and powerful tools trusted by professional traders:
- Breaking market-moving stories before they hit mainstream media
- Live audio squawk for hands-free market updates
- Advanced stock scanner to spot promising trades
- Expert trade ideas and on-demand support
