Ripple co-founder knows 26 million USD XRP, as an asset is approaching Record Hochs DL News

A crypto letter bag by Chris Larsen, one of the co-founders of Ripple, sent an XRP worth $ 26 million on Tuesday than was the highest price for more than seven months.

It is not clear whether Larsen sold the XRP. However, there is little other reason to send funds on centralized stock exchanges such as Coinbase.

This is followed by dozens of transactions from the same wallet, which has sent a total of 106 million XRP worth 344 million US dollars on centralized stock exchanges and auxiliary letters since the beginning of the year.

The movements come when XRP was interrupted by Bitcoin after a broad crypto rally and reached an all-time high of $ 122,838 on July 14th.

XRP is one of the top crypto assets in the past week and rose by 32% to USD 3.25.

The asset is now only 3.8% from the over -control of the all -time high price of USD 3.40 in January 2018.

Who is Chris Larsen?

Larsen is an American managing director and fishing investor who co-founder of Ripple, the company behind the XRP blockchain in 2013. Ripple was set up to enable the cross -border payments supported by Blockchain.

Larsen resigned as a CEO of Ripple in December 2016, but remains the chairman of the company.

Krypto letters made by Larsen and attributed to XRPSCAN have around 2.6 billion XRP with a market value of 8.3 billion US dollars.

Larsen previously used his huge wealth to support political purposes.

In October 2024, he donated XRP worth 1 million US dollars to a super PAC that supported Vice President Kamala Harris' presidential campaign. Larsen also donated to several other democratic politicians.

Forbes estimates that Larsen's net assets of 9.7 billion US dollars are 3.2 billion US dollars in the previous year.

Ripple success

Ripple's latest business movements, combined with increasing investor interest, have contributed to increasing the price for XRP – and the net wealth of Larsen.

At the beginning of this week, XRP Thers Usdt overtook StableCoin and became the third largest crypto capital behind Bitcoin and Ethereum.

At the beginning of July, Ripple applied for the US National Trust Bank Charters, a rare step that, if they are approved, undertaking them under federal supervision and closer to the heart of the US finance system.

In June, Webus International, a Chinese company listed at Nasdaq, said a 300 million dollar -XRP Ministry of Finance, according to a registration with the US supervisory authorities.

Later this month, Ripple decided to take an appeal procedure in the legal dispute with the Securities and Exchange Commission as security due to the alleged status of XRP.

Analysts said at the time when the move was to delete the way for the approval of an XRP stock exchange fund.

Tim Craig is DL News' in Edinburgh-based defi correspondent. Turn with tips tim@dlnews.com.