{"id":38748,"date":"2025-07-25T09:01:42","date_gmt":"2025-07-25T09:01:42","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=38748"},"modified":"2025-07-25T09:01:42","modified_gmt":"2025-07-25T09:01:42","slug":"xrp-drops-14-after-175m-moved-to-exchange-by-ripple-co-founders-wallet","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=38748","title":{"rendered":"XRP Drops 14% After $175M Moved to Exchange by Ripple Co-Founder&#8217;s Wallet"},"content":{"rendered":"<div>\n<p>XRP slipped from last-week&#8217;s record high as a wallet attributed to Ripple co-founder Chris Larsen made a number of large transactions.<\/p>\n<p>Between July 17 and July 24, the wallet transferred 50 million XRP, worth approximately $175 million. Some $140 million of that was directed to centralized exchanges, according to blockchain analyst ZachXBT.<\/p>\n<p>Transferring tokens to an exchange is widely interpreted as an intention to liquidate holdings for stablecoins or other tokens because large amounts are usually not stored on exchanges for a long time.<\/p>\n<p>The transactions occurred shortly after XRP touched a record $3.64 before pulling back to around $3. <\/p>\n<p>Neither Larsen nor Ripple has commented on the matter publicly.<\/p>\n<p>\u201cWallets linked to Chris Larsen still hold over 2.81 billion XRP (worth $8.4 billion),\u201d ZachXBT noted. That represents about 4.6% of XRP\u2019s total market cap.<\/p>\n<p>XRP is down over 14% in the past week, with the bulk of the losses coming from a liquidation cascade on Thursday that wiped out over $105 million in XRP long positions, the second-largest altcoin liquidation during a $735 million crypto market crash.<\/p>\n<p>The liquidations came as XRP dropped as much as10%, testing support in the $3.06\u2013$3.10 zone before price stabilized near $3.08.<\/p>\n<p>Despite the price drop, traders and analysts are targeting the $6 mark in the medium term, as CoinDesk <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/07\/23\/xrp-pulls-back-after-technical-surge-pattern-still-points-to-6-target\">reported earlier this week<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>XRP slipped from last-week&#8217;s record high as a wallet attributed to Ripple co-founder Chris Larsen made a number of large transactions. Between July 17 and July 24, the wallet transferred 50 million XRP, worth approximately $175 million. Some $140 million of that was directed to centralized exchanges, according to blockchain analyst ZachXBT. Transferring tokens to [&hellip;]<\/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-38748","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\/38748","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=38748"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38748\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}