Ripple co-founder Chris Larsen has recently reactivated his XRP wallets, drawing the crypto community’s attention just before Tuesday’s Texas Democratic primary runoff. The renewed on-chain activity comes at a politically significant moment, adding to speculation about his intentions.
According to blockchain data from XRPScan, Larsen holds approximately 2.58 billion XRP across eight addresses, making his holdings one of the largest individual cryptocurrency positions. At the current price near $1.35, this stash is valued at around $3.5 billion.
Earlier in January 2025, wallets that had been dormant for over six years suddenly moved more than $109 million worth of XRP to major exchanges like Coinbase, Bitstamp, and Bybit. Later, in July 2025, on-chain analyst ZachXBT identified additional transfers totaling $140 million from Larsen-linked addresses during a period when XRP was trading near its all-time high above $3.40.
ZachXBT noted on X in July 2025 that a wallet tied to Larsen had transferred 50 million XRP worth $175 million to four addresses, with roughly $140 million ending up at exchanges or services. Larsen has not publicly commented on the latest activity as of this writing.
It remains unclear whether these recent transactions are precursor to further exchange deposits or routine internal wallet management. The timing, however, aligns with ongoing legislative discussions, including the Clarity Act moving through Congress, which could significantly impact XRP. Crypto.news has previously reported on Ripple CEO Brad Garlinghouse’s advocacy for the bill and its particular relevance to XRP’s regulatory status.