Ripple co-founder Chris Larsen has quietly turned years of XRP holdings into a staggering $764 million profit, according to new CryptoQuant data. Once seen as a long-term holder, Larsen’s timing now appears almost surgical, often selling near market peaks.
His latest $120 million XRP transfer has raised questions about the sell-off; however, it isn’t a routine move.
Larsen’s $764 Million Realized Profit
According to on-chain data from CryptoQuant analyst Maartunn, Chris Larsen’s profit from XRP stayed below $200 million until early 2025. However, it later rose to around $764 million as XRP’s price surged following Ripple’s victory in its case against the SEC.
What makes this more interesting is that Larsen has often sold XRP near local highs, a practice that has historically influenced whale behavior and prompted broader market liquidity movements.
Earlier this week, he moved 50 million XRP, worth about $120 million, which caused worry among traders who feared another major sell-off.
However, Larsen later explained that the transfer was linked to Evernorth, part of Ripple’s $1 billion treasury plan, which focuses on supporting the XRP ecosystem and boosting its institutional growth.
Larsen Holds 2.5 Billion XRP Tokens
Chris Larsen, who still holds around 2.5 billion XRP, remains one of the largest individual holders of the token. His recent activity reflects a pragmatic approach, realizing profits during price surges while continuing to support the XRP ecosystem through initiatives like Evernorth.
Analysts point out that with over 93% of XRP’s total supply currently in profit, many holders are choosing to secure gains.
Evernorth’s Role in XRP Capital Markets
Evernorth Holdings, backed by Ripple and other major industry players such as SBI, Pantera Capital, Kraken, and GSR, aims to raise $1 billion to create the largest publicly traded XRP treasury.
Larsen’s capital commitment and token transfer to Evernorth underscore his confidence in institutionalizing XRP liquidity.
As of now, XRP price is trading around $2.41, reflecting a jump of 1% seen in the last 24 hours, with a market cap hitting $144.38 billion.
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