Ripple co-founder and executive chairman Chris Larsen has expanded his total realized profit from XRP to $764 million, driven by a recent transfer of 50 million XRP to the new Evernorth Treasury. On-chain data from CryptoQuant and analyst Maartunn reveal that Larsen’s realized gains surged dramatically in 2025, rising from under $200 million to over $750 million, following multiple wallet outflows during XRP’s market rallies.
Analyst Maartunn confirmed that Larsen’s latest XRP transfer, linked to his investment in Evernorth, is part of an ongoing pattern rather than a one-time event. Larsen has often sold XRP near local price peaks, a strategy that has influenced market sentiment and triggered broader selloffs from other large holders, even as some analysts predict bullish targets between $5 and $10 for XRP.
Earlier this week, Larsen addressed community concerns by clarifying that his 50 million XRP transfer was associated with his participation in Evernorth’s $1 billion fundraising initiative. The project includes major backers such as SBI, Ripple, Pantera Capital, Rippleworks, Kraken, and GSR. His confirmation helped calm fears of another whale-driven selloff.
At the same time, XRP’s market performance has softened slightly. The token fell around 1.5% in the past 24 hours, trading above $2.30, with a daily range between $2.34 and $2.44. Trading volume dropped 12%, suggesting reduced interest among traders. Technical indicators show XRP below the 50, 100, and 200-day SMAs, with an RSI near 40, signaling weakened momentum.
Analyst Ali Martinez warned that XRP could retest $2.00 if it fails to regain the 200-DMA resistance near $2.59. Meanwhile, CoinGlass data showed a minor uptick in derivatives activity, with open interest down 1.76% to $3.71 billion, but slight buying pressure on CME and Binance, indicating cautious optimism among leveraged traders.
