Chris Larsen's recent XRP transfers to Coinbase coincide with the cryptocurrency reaching a new all-time high, raising concerns about potential liquidation risks.
Chris Larsen, co-founder of Ripple, transferred $26 million worth of XRP to Coinbase in four transactions of 2 million XRP each. Additionally, over $40 million in XRP was sent to an unknown address. XRP's price surged to a new all-time high of $3.40, prompting concerns regarding potential liquidation as over $109 million in XRP has moved to exchanges since January 2025.