XRP News Today: Ripple co-founder moves $175M in XRP as token falls over 12% in 24 hours amid scam surge warnings

Ripple co-founder Chris Larsen moved $175 million worth of XRP across multiple wallets in a single week in July 2025, according to on-chain data flagged by investigator ZachXBT. The transfers, which occurred between July 17 and July 23, involved 50 million XRP split into four addresses, with two linked to exchanges or third-party services and the remaining 10 million distributed equally to two new wallets [1]. Despite these outflows, Larsen’s holdings remain substantial, with over 2.81 billion XRP—valued at $8.4 billion—still under his control. The asset movements coincided with a broader market correction, as XRP retreated over 12% in 24 hours after nearing its all-time high of $3.40 [1].

The timing of Larsen’s activity raised scrutiny amid a surge in XRP-related scams. Ripple executives, including CEO Brad Garlinghouse, issued warnings about phishing campaigns and fake giveaways exploiting social media platforms like YouTube. Garlinghouse highlighted the prevalence of deepfake videos and fraudulent airdrops impersonating Ripple, urging users to avoid sharing wallet credentials with unverified websites [1]. While no direct link exists between the co-founder’s transactions and the fraud cases, the increased attention on XRP—driven by its recent price rally—has amplified exposure to malicious actors. Ripple reiterated that it and its executives would never solicit XRP from users, emphasizing community vigilance [1].

The XRP network’s vulnerability to exploitation during periods of high market activity underscores broader challenges in the crypto ecosystem. Analysts note that large movements by high-net-worth individuals or insiders can correlate with volatility, though the specific impact of Larsen’s transfer remains unclear [2]. The token’s circulating supply, one of the largest among major cryptocurrencies, also introduces liquidity dynamics that could influence investor sentiment. Meanwhile, regulatory developments in the U.S. and institutional adoption of XRP for cross-border payments continue to shape its long-term trajectory [4].

Ripple’s proactive stance against scams aligns with industry trends prioritizing user education. However, the decentralized nature of XRP means the network relies on community-driven security measures rather than a centralized authority to mitigate risks. As scams evolve in sophistication, platforms must balance innovation with robust safeguards to maintain trust. The co-founder’s significant holdings and recent activity, while not indicative of a forced sell-off, highlight the interplay between individual actions and macroeconomic factors in a rapidly shifting market [1].

Source: [1] [Ripple co-founder moves $175M in XRP in a week amid scam surge warnings](https://cryptoslate.com/ripple-co-founder-moves-175m-in-xrp-in-a-week-amid-scam-surge-warnings/) [2] [XRP (XRP) Price Forecasts, Predictions & News](https://www.fxempire.com/crypto/ripple/news) [4] [CoinRank - The Best Data-Driven Portal to the Crypto World](https://www.coinrank.io/)