Ripple Co-Founder Chris Larsen Sells $120M XRP Amid Market Volatility

Ripple co-founder Chris Larsen has sold over $764 million in XRP profits since 2018, with his latest sale of 50 million XRP worth around $120 million marking his largest single transaction to date. This recent sale, which occurred amid XRP's historically weak October performance and ongoing market volatility, was linked to Evernorth, a Ripple-backed firm planning a public listing and building a regulated XRP treasury. Despite concerns on social media about insider selling and liquidity, market data showed that the selling pressure was absorbed without significant price panic, as XRP remained near key support levels around $2.40. The sale has contributed to cautious sentiment in the market, which has faced volatility driven by factors such as U.S. government shutdowns and fears over tariffs, while traders have increased activity without strong directional conviction. Analysts suggest that upcoming spot XRP ETF rulings could provide some positive momentum for the token amid the challenging environment. Overall, Larsen's cyclical selling pattern near local highs continues to raise questions among investors regarding insider exit liquidity and market impact.