XRP News Today: Ripple Co-Founder Moves $175M XRP as Price Dips 1.12% Amid Scam Surge

A Ripple co-founder has transferred $175 million in XRP, triggering market volatility and heightened concerns over scams tied to the cryptocurrency. On-chain analyst Zachxbt identified that an address linked to Chris Larsen, co-founder of Ripple, moved 50 million XRP (approximately $175 million) to four destinations between July 17 and 24, 2025. Approximately $140 million of the XRP was directed to exchanges and services, with the remaining $35 million distributed across two new, untagged wallets [1]. The transaction coincided with a surge in fraudulent activities, including phishing attempts and fake airdrops, as scammers exploited the timing to lure XRP holders [2].

The move has sparked debate within the cryptocurrency community. Some analysts suggest it may reflect routine treasury management by Larsen, given his prior involvement with Ripple’s governance. Others caution that the large transfer could signal a potential sell-off, particularly as XRP’s price dropped below $3.30 in the aftermath, dipping to $3.25 intraday. Short-term traders and bots appeared to amplify volatility, with the token’s 24-hour trading volume reaching $15.86 billion amid a 1.12% decline [3].

Security experts and platforms like Crypto_TownHall have issued warnings about the correlation between high-value XRP transfers and scam activity. Phishing attempts impersonating Ripple executives have surged on platforms such as Telegram and Discord, with scammers distributing malicious links under the guise of “urgent” airdrops or giveaways [4]. Reddit discussions referencing “free XRP” have quadrupled, prompting security firms to emphasize the importance of hardware wallets, two-factor authentication, and verifying wallet addresses through official channels [5].

Ripple CEO Brad Garlinghouse publicly urged users to remain cautious, echoing broader industry concerns about scams capitalizing on market turbulence. The company reiterated its commitment to combating fraudulent schemes but provided no detailed action plan. Critics argue that Ripple’s delayed response has allowed risks to escalate, though the firm maintains that it collaborates with regulatory bodies to address threats [6].

XRP remains a top-3 cryptocurrency by market capitalization at $192.7 billion, with over 59 billion coins in circulation. The XRP Ledger settles transactions in 3–5 seconds, and Ripple continues to engage banks and payment providers for enterprise adoption. However, regulatory scrutiny and macroeconomic pressures persist as headwinds. Larsen’s transfers have not yet prompted regulatory intervention, but long-term implications for Ripple’s ongoing legal battles remain uncertain [7].

The event highlights broader skepticism toward XRP, with some observers noting that institutions “call it a scam while quietly hoarding bags.” Investors are advised to monitor on-chain analytics and price movements around large wallet activities while adhering to security best practices. Ripple’s corporate response to Larsen’s transfers—and its stance on market transparency—will likely influence future investor sentiment [8].

Sources:

[1] [Ripple Co-founder Moves $175M In XRP Amid Scam Alerts](https://nulltx.com/ripple-co%e2%80%91founder-moves-175-m-in-xrp-amid-scam-alerts/)

[2] [RIPPLE CO-FOUNDER MOVES $175M IN XRP AMID SCAM ALERTS](https://x.com/Crypto_TownHall/status/1948344916360450238)

[3] [XRP News Today: Ripple Co-Founder Transfers $175M XRP as Scams Surge Amid](https://www.ainvest.com/news/xrp-news-today-ripple-founder-sells-175m-xrp-token-dips-17-market-concerns-2507/)

[4] [Ripple Co-Founder Transfers 50M XRP Worth $175M Amid ...](https://www.cryptotimes.io/2025/07/24/ripple-co-founder-transfers-50m-xrp-worth-175m-amid-market-dip/)

[5] [XRP Dips 17% After Ripple Co-Founder Moves $175M in](https://www.ainvest.com/news/xrp-news-today-xrp-dips-17-ripple-founder-moves-175m-xrp-2507/)

[6] [Chris Larsen Moves 50 Million XRP in $175m Transfer ...](https://spectrum-search.com/insights/chris-larsen-moves-50-million-xrp-in-175m-transfer-amid-scam-surge-and-talent-race)

[7] [RIPPLE CO-FOUNDER MOVES $175M IN XRP AMID SCAM ALERTS](https://x.com/Crypto_TownHall/status/1948344916360450238)

[8] [XRP Primed for $6 Surge—Even as Long Squeeze Wreaks ...](https://www.btcc.com/en-US/square/coincentral/687667)