ZachXBT Warns Investors About Ripple’s Chris Larsen XRP Addresses Holding $7.18B

ZachXBT, a well-known on-chain crypto investigator, recently alerted the crypto community about a significant development involving Chris Larsen, the co-founder of Ripple (XRP). According to ZachXBT’s findings, XRP addresses associated with Larsen still hold over 2.7 billion XRP, which is valued at approximately $7.18 billion.

ZachXBT shared this information with his followers on Telegram, pointing out that many of these addresses have been dormant for 6 to 7 years. This move has drawn attention, especially given the timing of his alert, which coincides with President Donald Trump’s announcement that XRP, along with other major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Cardano (ADA), would be part of a new U.S. strategic crypto reserve.

Further complicating the matter, ZachXBT noted that these addresses had recently moved over $109 million worth of XRP to major crypto exchanges, including Coinbase, Bitstamp, and Bybit, in January. However, it remains unclear whether these XRP were sold or just transferred, as no definitive information has emerged regarding the sales.

Additionally, ZachXBT reminded the community of an incident from early last year, when Larsen’s wallet was hacked, resulting in a loss of about $112 million in XRP.

This isn’t the first time Larsen’s XRP wallet activity has sparked concerns. In September 2020, Larsen transferred approximately 500 million XRP (worth $115 million at the time) to an unknown wallet, which he later claimed was for custody with the provider NYDIG to enhance security. Despite Larsen’s explanation, some members of the community speculated that this custodial arrangement could potentially facilitate the discreet selling of XRP, though these claims were never substantiated with concrete evidence.

These ongoing developments have led to increased scrutiny of Larsen’s XRP holdings and the potential impact on the XRP market. The crypto community continues to watch closely to see if any further moves will occur, especially considering the larger geopolitical implications of the U.S. strategic crypto reserve and its inclusion of XRP.