Ripple сo-founder offloads XRP amid market weakness
Ripple co-founder Chris Larsen has reportedly realized more than $764 million in profits from XRP sales since 2018.
According to blockchain data, his latest transaction, involving 50 million XRP, came this week and marked his largest single sale to date, Beincrypto reported.
The move occurred as XRP fell roughly 16% over the past month, extending seasonal weakness that has historically hit the token each October. Analysts note that while Larsen’s selling pattern often coincides with market peaks, this recent activity was linked to a broader corporate development rather than simple profit-taking.
Key figures and facts
- Chris Larsen has earned over $764 million in XRP sales since 2018
- Recent transfer: 50 million XRP tied to Evernorth investment
- XRP down 16% in October 2025
- Evernorth seeking $1 billion in public offering
Funds directed toward evernorth initiative
Further investigation showed that Larsen’s transfer was tied to Evernorth, a digital asset treasury firm that recently announced plans to go public and raise $1 billion for an XRP-focused capital markets platform. The company confirmed that the transferred XRP would serve as an investment in the initiative.
“Evernorth fills the missing link in XRP capital markets and DeFi usage. I’m proud to invest 50 million XRP in the firm,” Larsen said in a social media statement. Evernorth’s goal is to integrate XRP into decentralized finance (DeFi) products and boost its institutional adoption — a move analysts say could improve long-term network liquidity.
Market Outlook and Ripple’s position
Despite short-term price weakness, several technical indicators suggest that XRP could be nearing a bullish reversal. Historical data shows that November often marks a rebound period following seasonal lows. Traders are also watching whether the integration of XRP into DeFi ecosystems through initiatives like Evernorth could stabilize market sentiment.
Ripple, the company behind XRP, continues to expand its payment and liquidity solutions globally. The firm’s On-Demand Liquidity (ODL) platform has grown across Asia and Latin America, enabling faster cross-border transactions and lowering costs for institutional clients.
Market analysts emphasize that while Larsen’s sales remain a point of debate, the broader XRP ecosystem continues to mature — combining utility-driven growth with increasing transparency in blockchain-based finance.
Earlier, we reported that Ripple acquires GTreasury in $1B move to enter corporate finance.
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