Inactive XRP wallets associated with Ripple’s co-founder have been reactivated, transferring $23 million to various exchanges. The unclear reasons for these transactions have led to speculation as governments increasingly embrace cryptocurrency. Despite the fact that XRP saw 22,223 new wallet creations and 2,343 whale transactions during a recent market surge, CNF reports that these previously dormant wallets are now unexpectedly active. Following a long period of inactivity, these wallets moved more than $218.57 million in XRP to exchanges on January 21.88. However, around 2.7 billion XRP, which is worth $7.18 billion, still remains in these wallets. Blockchain analyst ZachXBT has brought attention to considerable movements in previously inactive XRP wallets associated with Chris Larsen, one of the co-founders of Ripple. He cautions that the XRP addresses that have been reactivated by Larsen contain more than 2.7 billion XRP, valued at approximately $7.18 billion. In January 2025, addresses associated with him moved over $109 million in XRP to exchanges. Earlier, Chris Larsen had lost 18.573 million XRP valued at $112 million. – Crypto India (@CryptooIndia) posted on March 3, 2025. Inactive Wallets Become Active. The unexpected triggering of these previously inactive wallets has sparked significant concerns among members of the cryptocurrency community. There are theories suggesting that Larsen could be selling off parts of his assets, while some question whether he might have lost control over these funds. Significantly, in early 2024, Larsen allegedly lost 213 million XRP, worth about $112 million, due to a hacking incident, which fuels further speculation regarding the movements in these wallets. Possible effects on the market—Ripple’s co-founder?
A blockchain researcher has discovered 2.7 billion XRP in inactive wallets, which are reportedly linked to a co-founder of Ripple.
