In January 2025, Chris Larsen moved more than 100 million XRP, valued at over 109 million USD, to various exchanges including Coinbase, Bitstamp, and Bybit. This transfer formed a significant part of his trading activity.
The XRP price experienced a notable increase of nearly 50%, reaching over 3 USD, marking a level not seen in seven years. This surge occurred concurrently with Larsen’s transactions.
Despite transferring 50 million XRP during the month, Larsen retains approximately 400 million XRP, valued around 1.24 billion USD. This highlights his substantial holdings in the cryptocurrency market.