I just found out from ZachXBT that since mid-July, there has been a large movement of funds from a wallet associated with Chris Larsen. In just this month, he has moved 50 million XRP, and about $140 million of that amount has gone directly into exchange addresses. The rest he’s stored in a new wallet, so it seems like he’s accumulating or something similar.

Interestingly, Chris Larsen still holds around 2.81 billion XRP. With the current XRP price at about $1.31, that means his holdings are worth approximately $3.68 billion. So he remains one of the largest XRP holders.

Looking at the history, Chris Larsen and his wife sold tokens worth $450 million between 2017-2020. This is a common move for founders who want to diversify. But moving such a large amount of funds always draws community attention, especially considering the SEC lawsuit against Ripple in the past.