Chris Larsen, Ripple’s Co-Founder and Executive Chairman, Moved 50 Million XRP-Bout $ 175 Million at The Time-To Multiple Addresses Between July 17 and July 24, With Roughly $ 140 Million Routed To Centralized Exchanges, a Pattern Typically consisting Liquidation.
The Transactions coincided with XRP Pulling Back from Near Record Highs Around $ 3.60– $ 3.66, Amplifying Concerns About Short -Term Sell Pressure and Notable Volatility Triggering, 14% Weekly Drop and Large Derivis Liquidations.
In context, The 50 Million XRP Represents About 0.085% of the Circulating Supply (≈59 billion), A Small Fraction of Float – Suggesting The Immediate Flow Impact is limited to Market Dept, Even If Headline Risk is elevated. Importently, Wallets Linked To Larsen Are Still Estilled To Hold Over 2.5–2.8 Billion XRP (About $ 8– $ 9 billion), Equating to Roughly 4.6% of XRP’s Market Value – An Overhang That Court Matter If Accelerated Sales Persist.
MARKET REACTION HAS BEEN SPLIT BETWEEN Viewing The Sales As Bearish Signaling and Interpreting Them as Opportunity Profit -Taking Near Highs; Similar Historical Insider Sales, Such As Those by co -Fount Jed McCaleb, Did Not Prevent XRP’s Longer -Term Appreciation, According to Analysts Cited In Recent Coverage.
WHOLE FLOWS REMAIN TO KEY SENTIMENT DRIVER, AND ON -CHAIN WATCERS HIGHIGTED THE TIMING AS A CONTRACTOR TO THE PULLback FROM HIGHS AND A POTENTIAL CATALYST FOR FURTER NEAR -TERM VOLATILITY IF MORE SUPPLY HITS EXCHANGES.
Bottom Line: concern Is Warrad for Short -Term Traders Given Headline Sensitly and the Possibility of Increase Supply, But the Single 50 Million Tranche is Small versus Circulating Supply and Does Not, on its Own, Alter XRP’s Long -Term Thesis, Which Will Hinge More on Regulatory Clare Utility Growth, and Broader Market Conditions.
MONITORING EXCHANGE INFLOWS FROM KNOWN LARSEN -LINKED WALLETS AND PRICE BEHAVIOR AROUND KEY LEVELS NEAR $ 3 REMAINS PRUDENT FOR RISK MANAGEMENT.
