Mar 5, 2025
Ibiam Wayas
Popular on-chain sleuth ZachXBT recently uncovered $7.18 billion worth of XRP tokens held in dormant wallets activated by Ripple co-founder Chris Larsen.
ZachXBT revealed that Larsen still controls approximately 2.7 billion XRP in six different wallets. The addresses have been dormant for six and seven years.
In January 2025, however, Larsen reactivated the wallets by moving over $109 million XRP to exchanges, supposedly to sell.
Chris Larsen, Jed McCaleb, and Brad Garlinghouse are among the owners of Ripple. They co-founded the company in September 2012. The company was originally called OpenCoin.
Larsen stepped down as Ripple CEO in December 2016 but remains executive chairman. He reportedly owns 5.19 billion XRP, which is a 17% stake in Ripple.
Ripple created XRP and holds a large supply of XRP. The company’s significant ownership does give them considerable influence, but it does not directly "control" XRP price actions.
A $100 priced XRP is seemingly far-fetched, as it equates to a $10 trillion market cap, given its total supply of 100 billion tokens. For context, the total crypto market cap is currently at $2.88 trillion.
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