Blockchain investigator ZachXBT has raised alarms about dormant XRP addresses linked to Ripple co-founder Chris Larsen.

These addresses, which had been inactive for six to seven years, suddenly came to life in January 2025, transferring over $109 million worth of XRP to exchanges.

Blockchain investigator ZachXBT has raised alarms about dormant XRP addresses linked to Ripple (XRP) co-founder Chris Larsen, which had been inactive for six to seven years, suddenly coming to life in January 2025. According to his investigation, these addresses have been transferring over $109 million worth of XRP to exchanges.

At current prices, the wallets still hold 2.7 billion XRP, valued at approximately $7.18 billion. However, with XRP currently trading at $2.60, the total value of these holdings is significantly higher than when they were last moved.

Larsen’s XRP holdings have long been a subject of speculation. Earlier reports suggest that the executive lost access to 213 million XRP, valued at around $112 million, following a hack. However, despite this, the remaining dormant addresses continue to hold a massive amount of XRP.

ZachXBT’s investigation suggests that Larsen may be gradually offloading these coins or possibly lost access to them. Some of the addresses linked to Larsen have been inactive since 2013, raising the possibility that he could have transferred or lost control of the funds during that time.

This recent transfer of funds could signal that Larsen is either selling off his remaining stash or moving it to different wallets. It’s worth noting that this isn’t the first time Larsen’s XRP activities have raised eyebrows.

In September 2020, he moved about 500 million XRP, worth $115 million, to an undisclosed wallet, fueling further speculation about his control over these holdings.

While it’s unclear if Larsen still controls these large XRP holdings, the recent activity has sparked concerns about the potential market impact. If these coins are gradually sold off, it could affect XRP’s price and market dynamics.