Blockchain investigator ZachXBT has raised concerns over dormant XRP addresses associated with Ripple co-founder Chris Larsen. These addresses, which had been inactive for six to seven years, suddenly became active in January 2025, transferring more than $109 million worth of XRP to exchanges. With XRP currently priced at $2. 60, these wallets still contain 2. 7 billion XRP, valued at approximately $7. 18 billion. Larsen's XRP holdings have generated considerable speculation over time. In early 2024, reports indicated that Larsen lost access to 213 million XRP, valued at about $112 million, due to a hacking incident. Nevertheless, the other dormant addresses linked to him continue to retain a substantial amount of XRP.

ZachXBT’s investigation implies that Larsen may be in the process of offloading these coins or may have completely lost access to them. Some of the addresses associated with Larsen have remained inactive since 2013, suggesting he might have transferred or lost control of those funds during that period. The recent movement of funds could indicate that Larsen is either liquidating his remaining holdings or relocating them to different wallets. This is not the first instance of Larsen's XRP transactions raising eyebrows. In September 2020, he transferred around 500 million XRP, worth $115 million, to an undisclosed wallet, further fueling speculation regarding his control over these assets. While it remains uncertain if Larsen still has control over these significant XRP holdings, the recent activities have generated concerns about their potential impact on the market. If these coins are sold off gradually, it could influence XRP's price and overall market dynamics.