Ripple co-founder and executive chairman Chris Larsen has transferred roughly $26 million worth of XRP XRP/USD to Coinbase COIN this week, according to recent on-chain activity.

This adds to an estimated $40 million in XRP that Larsen has already moved to exchanges since January 2025, The Block reported on Thursday.

The latest movements were first highlighted by DL News, which noted that Larsen has transferred a total of $344 million in XRP to exchanges and external wallets throughout this year.

While it’s not confirmed whether the assets have been sold, transactions include direct transfers to Coinbase and intermediary wallets linked to exchanges like Binance, according to data from XRP…

Read more on Benzinga