Ripple Founder Continues to Dump XRP as Price Dips to $2.95

Wallets linked to Larsen have transferred 50 million XRP, worth approximately $175 million, since July 17. The tokens were split among four addresses. Around $140 million in XRP has been sent to centralized exchanges or related platforms, fueling speculation of retail dumping.

Despite the significant outflows, wallets associated with Chris Larsen still hold more than 2.81 billion XRP, currently worth approximately $9 billion. This lingering supply has reignited long-standing concerns about centralized token holdings and their impact on XRP’s market dynamics.