**Large Movement of XRP Addresses Owned by Chris Larsen Comes to Light**



According to recent data revealed by cryptocurrency analyst ZachXBT, attention has been drawn to the size of address portfolios associated with Ripple co-founder Chris Larsen. These active wallets have been confirmed to hold a total of over 2.7 billion XRP, which is approximately 71.8 billion yen at current market prices.

**Mass Inflows to Exchanges and Questions Arising**

Notably, during the period of January 2025, XRP worth $109 million was moved from addresses linked to Chris Larsen to exchanges. This large transfer has sparked various speculations among market participants, with ongoing discussions about whether it indicates an intention to sell or if there are other strategic motives.

**The Mystery of Dormant Addresses and Past Security Incidents**

According to ZachXBT's analysis, six addresses activated by Chris Larsen have been identified, some of which had been dormant for as long as 6 to 7 years. This extended period of inactivity suggests the possibility that access to the funds was lost, or that there were transfers to other individuals in February 2013.

Additionally, reports indicate that Chris Larsen was hacked early last year, suffering losses of approximately $112 million. This incident highlights the ongoing importance of security risk management in this industry.
XRP-3,84%
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