Ripple co-founder and executive chairman Chris Larsen still controls over $7 billion in XRP tokens, according to on-chain investigator ZachXBT.
Posting in his Telegram channel, ZachXBT lists seven addresses on the XRP Ledger (XRPL) that he says were activated by Larsen and are still active today.
[adinserter block="1"]The on-chain sleuth also says that Larsen sent over $109 million worth of XRP to crypto exchanges in January alone, presumably to sell on the open market.
“With the announcement of the US Crypto Reserve here’s your reminder that XRP addresses activated by Chris Larsen (co-founder of Ripple) still hold 2.7B+ XRP ($7.18B) and these addresses tied to him transferred $109M+ worth of XRP to exchanges in January 2025…
(disclaimer: multiple of these addresses have been dormant for 6-7 yrs so it’s possible he lost access or sent funds to other people in Feb 2013. He was also hacked for $112M early last year).”
The addresses that ZachXBT says belong to Larsen include:
- rB5TihdPbKgMrkFqrqUC3yLdE8hhv4BdeY
- rPoJNiCk7XSFLR28nH2hAbkYqjtMC3hK2k
- rD6tdgGHG7hwGTA6P39aE7W89fbqxXRjzk
- rDfrrrBJZshSQDvfT2kmL9oUBdish52unH
- r476293LUcDqtjiSGJ5Dh44J1xBCDWeX3
- r44CNwMWyJf4MEA1eHVMLPTkZ1LSv4Bzrv
- rhREXVHV938ToGkdJQ9NCYEY4x8kSEtjna
On Sunday, President Trump announced via Truth Social that the US will establish a “crypto strategic reserve” which will include Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL) and Cardano (ADA).
The announcement triggered a massive surge in crypto markets, with XRP surging by over 37%, pushing Larsen’s net worth up by billions of dollars in mere hours.
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