According to on-chain data shared by analyst Maartunn via CryptoQuant, Ripple co-founder Chris Larsen has sold 50 million XRP, worth roughly $120 million, within a single hour earlier this week. This marks yet another large offload from one of the token’s earliest and wealthiest holders.
The transaction, recorded on October 20, shows a sharp drop in Larsen’s address balance, coinciding with what analysts describe as another instance of him cashing out near local highs. The sale follows a familiar pattern: each time XRP experiences renewed retail interest or price momentum, Larsen’s wallets see major outflows.
Significant Realized Profits Since 2018
Further data from CryptoQuant reveals that Larsen has realized approximately $764 million in profits since January 2018. His selling behavior, often aligning with market peaks, has made him a closely watched figure among XRP traders.
While the latest sale has been linked to EvernorthXRP, Maartunn noted that this isn’t an isolated event. Instead, it fits a long-term trend showing Larsen’s systematic profit-taking strategy as XRP’s price fluctuates.
“Larsen has a recurring habit of cashing out near local highs,” Maartunn wrote, advising followers to “zoom out and see the bigger picture.”
Market Reaction and Broader Context
Although XRP’s price has remained relatively stable following the transaction, the community has expressed concern over large insider sales. Larsen’s holdings and selling history continue to be a sensitive topic, as they periodically influence market sentiment and trigger debates about Ripple’s token economics.
CryptoQuant’s chart data shows that each major sale by Larsen coincided with short-term downward pressure on XRP’s price, though long-term trends tend to stabilize once liquidity absorbs the supply.
With more than seven years of on-chain transparency, Larsen’s activity remains one of the most visible examples of founder profit realization in the crypto space, illustrating both the rewards and the controversies tied to early participation in blockchain ventures.
As of now, Larsen’s cumulative realized gains sit near three-quarters of a billion dollars, reaffirming his position as one of the most financially successful figures in the cryptocurrency industry.