- Chris Larsen transfers $26M XRP to Coinbase amid price surge.
- Ripple targets U.S. bank charter alongside Circle in July.
- Webus plans $300M XRP treasury, signaling rising institutional interest.
Chris Larsen, Ripple’s co-founder and executive chairman, transferred $26 million worth of XRP to Coinbase on July 16, 2025. The move was tracked by XRPscan, which linked the transaction to one of Larsen’s known wallets.
This transaction came as XRP surged to $3.25, its highest price in over seven months. The recent transfer by Larsen is part of a long record of high-volume transactions this year through his wallet.
Since January, he has transferred 106 million XRP, totaling approximately $344 million, to different exchanges and addresses. Those movements have grown just as the price of XRP did, which suggests one possible method of taking advantage of favorable conditions.
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The wallets relating to Larsen have a current balance of 2.6 billion XRP, or about 8.3 billion US dollars at its current price.
XRP Leadership Activity Draws Increased Market Scrutiny
Larsen’s on-chain activity has attracted the attention of market analysts and the XRP community. His wallet movements are being watched closely as XRP gains momentum in the broader market.
The regularity and amount of the transfers have given rise to rumors concerning Ripple’s internal practices. The time of such acts has increased investor interest, though intentions are not disclosed.
With Larsen being one of the most relevant representatives of the Ripple ecosystem, his financial activity can serve as an indicator of the general directions associated with the position of Ripple.
Ripple Eyes Federal Integration with Strategic Moves
Alongside wallet activity, Ripple is pursuing deeper integration with the traditional financial system. In early July, Ripple and Circle applied for a US National Trust Bank charter.
If such approval were granted, both companies would be under direct federal control. Moreover, it could enable Ripple to provide regulated XRP-based financial services in the US.
Previously, the Chinese company Webus International submitted the plans to construct a 300 million XRP treasury in June. The firm has referred to the efficiency of the XRP blockchain as a primary rationale in its decision.
Later in June, Ripple abandoned its appeal in its legal tussle with the SEC regarding the classification of XRP as a security. The decision, after several years of litigation, is a sign of positive development, as it helps Ripple to focus on regulatory compliance and business expansion.
Larsen also remains politically active, having donated $1 million in XRP to a pro-Kamala Harris super PAC. Other Democratic campaigns acknowledge further donations from his crypto assets.
Conclusion
Chris Larsen’s XRP transfer highlights growing activity among Ripple’s leadership as the company deepens ties with traditional finance. The developments continue to shape XRP’s evolving market and regulatory landscape.
Also Read: Prominent Investor Reveals How His $10,000 XRP Holding 20x After 5 Years
