XRP Falls as Chris Larsen Offloads Massive Holdings

On July 24, 2025, XRP plunged over 12% due to a 175 million XRP transfer by co-founder Chris Larsen.

The substantial sell-off triggered market volatility and prompted increased whale buying around $3.00, causing broader risk-off sentiment in the crypto space.

175 Million XRP Transfer Sparks Market Reaction

The XRP market experienced heightened volatility as co-founder Chris Larsen transferred 175 million XRP, leading to a significant price drop of 12%. Ripple CEO Brad Garlinghouse warned of scam risks. “We’re seeing a spike in deepfake scams and fake XRP airdrop offers. Please don’t engage with these bad actors or respond to any unsolicited requests involving XRP transfers.” – Economic Times.

Whales showed interest in buying XRP at lower price levels as the transfer coincided with the liquidation of over $89 million in long positions, mainly on major exchanges.

Ripple Effect on Bitcoin and Solana

The XRP sell-off reverberated across major altcoins, including Bitcoin and Solana, both experiencing minor pullbacks. The delay of SEC’s spot crypto ETF compounded the cautious market sentiment.

Despite market jitters, XRP remains positively impacted YTD by 220%. The event has momentarily unsettled market conditions but also strengthened whale buying signals around the $3.00 mark.

July’s Historical Trends Influence XRP Outlook

Historical data shows July generally positive for XRP, whereas August typically sees an average 12% correction. Similar past whale activities have resulted in temporary price shocks but eventual recovery.

Industry experts suggest the current market response echoes past patterns, highlighting that such events may validate XRP as a target for long-term investors. Whale and institutional interest signal potential future rebounds. The whale activity and subsequent buying at the ~$3.00 level have been flagged as typical ‘smart money’ accumulation zones AI Invest.