Chris Larsen XRP wallets go active ahead of US midterms

Chris Larsen’s XRP wallets have resumed on-chain activity ahead of Tuesday’s Texas primary runoff.

Ripple co-founder Chris Larsen’s associated wallets have resumed on-chain activity, according to blockchain data, ahead of Tuesday’s Texas Democratic primary runoff. The reactivation draws immediate attention given Larsen’s history of significant XRP transfers at notable market and political junctures.

Larsen serves as executive chairman of Ripple Labs. His estimated 2.58 billion XRP holdings across eight wallets tracked on XRPScan represent one of the largest known individual positions in any single cryptocurrency, worth approximately $3.5 billion at current prices near $1.35.

Why Larsen’s wallet activity draws attention from the XRP community

In January 2025, wallets that had been idle for six to seven years reactivated and sent more than $109 million in XRP to exchanges including Coinbase, Bitstamp, and Bybit. In July 2025, on-chain researcher ZachXBT reported an additional $140 million in XRP transfers from Larsen-linked addresses coinciding with XRP trading near an all-time high above $3.40.

“Since July 17, 2025, an address linked to Ripple co-founder Chris Larsen transferred out 50M XRP ($175M) to four addresses. ~$140M ended up at exchanges/services,” ZachXBT wrote on X in July 2025. Larsen had not commented publicly on today’s activity at time of writing.

Whether the current movement precedes exchange transfers or represents internal wallet management is not confirmed from on-chain data available at time of publication. Crypto.news has covered Ripple CEO Brad Garlinghouse’s legislative activity in 2026 as the Clarity Act moves through Congress.

Crypto.news has also reported on why the Clarity Act’s progress is particularly consequential for XRP, context that gives any Larsen wallet movement added political timing significance ahead of Tuesday’s runoff.