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- #Gate 2025 Semi-Year Community Gala# voting is in progress! 🔥
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Ripple co-founder Chris Larsen transferred approximately $140 million worth of XRP to the trading platform in the past 7 days.
On July 25, The Block reported that on-chain analyst ZachXBT pointed out that since July 17, a wallet long associated with Ripple co-founder Chris Larsen has transferred 50 million XRP. This wallet appears to have moved approximately 140 million dollars worth of tokens to three addresses related to the trading platform, while another 10 million XRP has been deposited into two newly created wallets. The address controlled by Chris Larsen still holds about 2.81 billion XRP, worth approximately 9 billion dollars. The SEC had previously accused Ripple's CEO Brad Garlinghouse of cashing out 150 million dollars worth of XRP over three years when it sued Ripple in 2020. The SEC also stated that Larsen and his spouse sold tokens worth 450 million dollars between 2017 and 2020.