XRP Longs Liquidated Following Ripple Co-Founder’s $140M Sale
NewsAnalysis of XRP market dynamics following Chris Larsen’s significant sales on Binance.
- XRP long positions on Binance liquidated amid sell-offs linked to Larsen.
- Ripple co-founder’s $140M sale triggered market reactions.
- Larsen’s sales correlate with significant market shifts.
XRP experienced significant sell-offs and long position liquidations on Binance following $140 million XRP transactions attributed to Ripple co-founder Chris Larsen in July 2025.
These movements triggered market volatility, reduced leveraged interest, and reignited discussions on whale risks, though no regulatory actions or major asset spillovers resulted immediately.
Long positions on Binance were liquidated following significant XRP sales. Analysts connected these moves to Ripple co-founder Chris Larsen’s recent $140 million transfer. This follows a pattern of major wallet activities impacting market dynamics.
Chris Larsen, a key figure at Ripple, executed sizable XRP transfers. This has shifted market perceptions, as on-chain data highlights over 50 million XRP moving recently. Such activities heighten scrutiny around whale influences.
The immediate market impact included a noticeable drop in XRP’s price, which fell from $3.65 to $2.95. Moreover, this incident resulted in $7.3 million of XRP longs being liquidated, marking it a major event on Binance in 2025.
Open Interest in XRP futures plummeted 16.8%, showing intensive exposure adjustments by traders. The reduction hints at decreased trust in leveraged positions due to perceived risks from whale activities.
Past events show similar sell-offs leading to rapid price corrections and long position liquidations. These cases brought debates about governance risks in pre-mined tokens with concentrated holdings like XRP.
Potential outcomes may include increased regulatory scrutiny or strategic adjustments by retail and institutional players. Historical patterns point to short-lived volatility followed by stabilization, but not without igniting critical discussions on whale influence.
Chris Larsen, Co-Founder, Ripple, – “A wallet associated with Ripple co-founder Chris Larsen saw major XRP outflows. Reportedly, over 50 million XRP moved, with $140 million sent to exchanges.”More From Crypto News
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