{"id":38744,"date":"2025-07-25T08:46:57","date_gmt":"2025-07-25T08:46:57","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=38744"},"modified":"2025-07-25T08:46:57","modified_gmt":"2025-07-25T08:46:57","slug":"xrp-longs-crushed-on-binance-as-analyst-flags-ripple-co-founders-140m-sell-off","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=38744","title":{"rendered":"XRP Longs Crushed on Binance as Analyst Flags Ripple Co-Founder\u2019s $140M Sell-Off"},"content":{"rendered":"
\n

Ripple\u2019s XRP is under pressure after a wave of long liquidations rocked Binance this week, sparked by growing speculation around major token dumps by Ripple co-founder Chris Larsen.<\/p>\n

According to on-chain investigator ZachXBT, Larsen-linked wallets offloaded 50 million XRP, valued at about $175 million, to multiple addresses starting July 17, with around $140 million allegedly hitting centralized exchanges.<\/p>\n

Sell-Off Allegations and Market Impact<\/h2>\n

The timing of the transfers coincided with a sharp decline in XRP\u2019s price and one of the year\u2019s largest long liquidations, raising concerns about internal dumping just days after the asset set a new all-time high.<\/p>\n

In a July 24 post on X, ZachXBT claimed<\/a> that wallets connected to Larsen had moved tens of millions of XRP over a period beginning July 17, with four primary recipient addresses absorbing the bulk of the tokens.<\/p>\n

According to him, the largest transfers included 30 million and 10 million XRP to addresses that later funneled funds into centralized services. He estimated<\/a> that wallets under the reclusive co-founder\u2019s control still hold over 2.8 billion XRP, worth approximately $8.4 billion.<\/p>\n

This alleged sell-off correlates quite closely with XRP\u2019s sharp price decline. After pumping over 50% in a week to smash its 2018 all-time high, reaching<\/a> a record $3.65 on July 18, the asset entered consolidation.<\/p>\n

The bearish turn began in earnest on July 23. Pseudonymous blockchain researcher and CQ analyst Darkfost noted<\/a> that Binance saw a spike in XRP long liquidations on that date, when the asset plummeted nearly 10% in 24 hours, extending the drop to roughly 19% from its July 21 level.<\/p>\n

This triggered automatic forced closures for traders using leverage to bet on price increases, with data showing XRP tumbling from nearly $3.60 to under $3.05 within hours on July 23\/24.<\/p>\n

While it has recovered slightly to trade around $3.11, down 14% over the past week, the damage was severe. According to Darkfost, around 2.3 million XRP, worth $7.3 million, were liquidated on Binance, marking the third-largest liquidation event of the year for the world\u2019s third-biggest cryptocurrency.<\/p>\n

Analyst Divergence<\/h2>\n

Despite the correction and liquidation carnage, several prominent analysts have urged for perspective. John Squire, referencing the catastrophic 2018 crash where XRP fell from $3.40 to $0.25, downplayed the July 24 drop, calling it<\/a> merely \u201ca coffee break\u201d and advising investors to \u201cstay calm\u201d and \u201cHODL tight.\u201d<\/p>\n

Analyst Armando Pantoja echoed this sentiment on social media, labeling the move \u201cjust a healthy<\/a> pullback\u201d and reiterating ambitious short-term prices of up to $4.10 and year-end highs between $8 and $12.<\/p>\n

Adding weight to the bullish counter-narrative, chartist Ali Martinez highlighted significant whale accumulation, revealing that large investors had purchased over 280 million XRP in the last ten days.<\/p>\n

The post XRP Longs Crushed on Binance as Analyst Flags Ripple Co-Founder\u2019s $140M Sell-Off<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Ripple\u2019s XRP is under pressure after a wave of long liquidations rocked Binance this week, sparked by growing speculation around major token dumps by Ripple co-founder Chris Larsen. According to on-chain investigator ZachXBT, Larsen-linked wallets offloaded 50 million XRP, valued at about $175 million, to multiple addresses starting July 17, with around $140 million allegedly […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-38744","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38744"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38744\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}