Billions in XRP Moved: Ripple Founder’s Wallet Goes Rogue! 😈

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Picture this: a sly wallet, rumored to be Chris Larsen’s from Ripple, has been flinging around nearly 60 million XRP since July 15, like it’s playing a high-stakes game of hot potato. And after all that chaos, it’s still clutching a gargantuan hoard of 282.49 million XRP—worth a cool $897 million. What a cheeky devil, eh? 😏

Massive XRP Transfers Link Back to Ripple Co-Founder and Wallet 5

Eight XRP wallets, all whispering tales of Chris Larsen’s involvement, are tagged 1 through 8 on xrpscan.com. Wallets 1 to 4 are the stodgy types, each lounging with just over 500 million XRP, while wallet 5 has 282.49 million, and wallet 6 is sitting pretty with 300.18 million. Sarcastic side note: wallet 7’s got a pitiful 21.79 XRP—talk about being left out of the fun—and wallet 8 flaunts a smug 1,000,009 XRP. The first four haven’t lifted a finger to send anything out, but wallet 5? Oh, it’s the life of the party, kicking off almost 60 million XRP in transfers from July 15. 😂

(Left side) Chris Larsen wallet five, which initially held 500 million XRP and now holds 282.49 million. (Right side) Xrpscan.com’s “chrislarsen” wallets labeled 1-8.

Onchain sleuth ZachXBT first spotlighted these mammoth moves on Thursday, chuckling that “$140M ended up at exchanges/services” since July 17. Just two days before, Larsen’s wallet 5 tested the waters with a tiny 1.6 XRP dip to Coinbase, probably to see if anyone was watching. Then, boom! Four whopping transfers of 2 million XRP each headed that way. Other shady addresses, like the mysterious “rHtLaipqqfbhg,” scooped up some XRP too—could be an exchange, an OTC desk, or maybe just a secret lair. Who knows? 😜

Together, Larsen’s eight wallets are still hoarding 2.58 billion XRP, tallying up to about $8.21 billion. Wallets 5 and 6 used to strut around with half a billion each, but they’ve been lightening their loads dramatically. Wallets 6 through 8 have been as silent as a mouse in a cheese factory lately, while wallet 5 has a history of mischief—like sending 1.5 million XRP to Coinbase back on June 16. June was a busy month for wallet 5, flinging XRP to all sorts of places, including that enigmatic “rHtLaipqqfbhg.” Must be exhausting being so generous. Or is it? 😉

It’s no big shocker that Ripple’s co-founders ended up with mountains of XRP—Jed McCaleb apparently cashed out like it was going out of style. Larsen, though, had his own drama with a nasty hack on January 30, 2024, losing around 213 million XRP. Blame it on that 2022 Lastpass fiasco, they say. Now, lurking beneath these recent wallet waltzes is the big question: are these just clever money shuffles, a dash to the exchanges, or something sneakier brewing in the shadows? One can only speculate with a wry grin. 😈

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2025-07-28 01:27