- Social media users accused Ripple co-founder Chris Larsen of selling 50M XRP.
- Larsen clarified the transfer was an investment in Evernorth, an XRP-focused firm, not a sell-off or liquidation.
- Lawyer Bill Morgan debunked the “dump” narrative; XRP saw brief volatility, but no evidence showed market harm.
A new wave of controversy hit the XRP community after claims circulated on social media that Chris Larsen, Ripple co-founder and executive chairman, had “dumped” 50 million XRP tokens on retail investors. The discussion quickly escalated across crypto Twitter (X), prompting clarification from supporters and legal experts.
The Accusation: “Larsen Offloaded 50M XRP”
The controversy began when crypto analyst Maartunn (@JA_Maartun) posted: “NOW: Chris Larsen (Ripple co-founder) just offloaded 50M $XRP (worth ~$120M) in the past hour. Still buying the hype? He’s cashing out.”
This sentiment was echoed by another user, Ted (@TedPillows), who added: “XRP team keeps on dumping on your head. Why is everyone so bullish on Ripple?” The comments came shortly after Larsen publicly announced an investment related to XRP, leading some to interpret his on-chain wallet movement as a sell-off.
$XRP team keeps on dumping on your head.
Why is everyone so bullish on Ripple? https://t.co/l2qt6WKncf
— Ted (@TedPillows) October 20, 2025
Also Read: Evernorth is ‘MicroStrategy Built for XRP’ – Here’s How
The Context: Larsen’s Investment Announcement
However, the original post from Chris Larsen on X painted a different picture. In his verified statement, Larsen congratulated Asheesh Birla and the Evernorth team on their launch, writing:
“Congrats @ashgoblue and the @evernorthxrp team on today’s launch! Evernorth fills the missing link today in XRP capital markets and XRP usage in DeFi products. I’m proud to invest 50M XRP in the firm (you may see some wallet movement on this).”
The message clearly indicated that the transfer of 50 million XRP was an investment, not a liquidation event.
Bill Morgan Responds
Pro-crypto lawyer Bill Morgan, a long-time XRP advocate, quickly addressed the accusations, calling out misinformation about Larsen’s actions. Morgan replied:
“Hard to dump it on retail when you don’t even sell it, but invest it in another firm. The sell pressure in the market must be huge. Dolt.” His response emphasized that Larsen’s XRP movement represented capital deployment, not profit-taking or selling into the market.
Despite the clarification, XRP’s price showed mild intraday volatility as traders reacted to the initial reports. At the time of writing, no significant evidence suggests that Larsen’s transfer negatively impacted market liquidity or XRP’s circulating supply.
Conclusion
What initially appeared as a massive sell-off turned out to be an investment in Evernorth, a firm focused on expanding XRP’s role in capital markets and DeFi products. Bill Morgan’s response highlights the need for careful interpretation of blockchain data, and a reminder that not all large token movements signal dumping.
As of now, Chris Larsen remains an active supporter and investor in XRP-related projects, further strengthening the token’s ecosystem rather than exiting it.
Also Read: David Schwartz Gives XRP Community Update About His Next Move After Leaving Ripple CTO Position
