Ripple co-founder Chris Larsen’s XRP wallets have resumed on-chain activity, catching the crypto community’s attention ahead of Tuesday’s Texas Democratic primary runoff. Larsen holds an estimated 2.58 billion XRP across eight tracked wallets, worth roughly $3.5 billion at current prices near $1.35.
On-chain explorer XRPScan shows tiny inflows in wallets labeled chrislarsen (5) and chrislarsen (7), with some related sub-wallets recording slightly larger transfers. Several accounts are now marked “deleted,” fueling speculation about whether this is internal wallet management or a prelude to exchange transfers.
Larsen’s wallet movements are historically significant. In January 2025, dormant wallets reactivated and sent over $109 million in XRP to Coinbase, Bitstamp, and Bybit. In July 2025, ZachXBT reported a Larsen-linked address moved 50 million XRP (~$175 million), with $140 million reaching exchanges, coinciding with XRP’s all-time high above $3.40. CryptoQuant data shows Larsen has moved out nearly 250 million XRP since July 2025, with unrealized profits now at $764.2 million.
The activity overlaps with Larsen’s political donations, including $3.5 million to support Democrat Alex Bores and plans to back Gavin Newsom’s 2028 race, amid the Clarity Act’s progress through Congress. CME will launch 24/7 XRP futures trading on May 29, adding another layer to the market outlook as XRP trades below key moving averages with an RSI of 43.28.
