Significant main attractions
- Within a week, Chris Larsen, a co-founder of Ripple, transferred $175 million worth of XRP.
- Fishing GiveaWays and Deepfake Video are being used by scammers to target XRP holders.
- Ripple reminds users: they will never ask you to send XRP stay cautious.
Ripple Co-Founder Shifts Millions During Market Chaos
In a wild week for the crypto world, Ripple co-founder Chris Larsen quietly moved a whopping $175 million worth of XRP across several wallets.
These transactions, which happened between July 17 and July 23, quickly raised eyebrows among crypto watchers especially since they came right as scam alerts started flooding social media.
According to blockchain sleuth ZachXBT, Larsen transferred 50 million XRP in total.
Later, two of the wallets one with 30 million and the other with 10 million were connected to third-party platforms or exchanges.
The remaining amount was divided between two new addresses, each receiving five million XRP.
What’s truly intriguing, though, is that Larsen still has more than 2.81 billion XRP, which, at current pricing, is worth more than $8.4 billion.
So, while the move was massive, it’s just a fraction of what he owns.
Ripple Co-Founder’s Timing Sparks Scam Concerns
Now, here’s where things get a little murky. The Ripple co-founder’s large XRP transfers happened right as Ripple executives started warning the community about a spike in crypto scams.
On July 23, Brad Garlinghouse, the CEO of Ripple, issued a warning on X (formerly Twitter).
What was their message? Their equality and other members of the ripple team are being used by scammers in fishing plans, deepfac films and Phony Giveway.
Users are often cheated in dividing their wallet or XRP credentials by these frauds.
“Scammers increase their attacks on the crypto community like clockwork, with success and market surges,” Garlinghouse warned.
“Please beware of the latest scam to target XRP family.”
That wasn’t the only red flag. Ripple’s official account also posted a reminder that the company and its execs will never ask you to send them XRP or provide wallet info.
If you see anything like that, it’s 100% a scam.
Ripple Co-Founder’s Move Adds Fuel to the Fire
So, why does this matter? Because in crypto, timing is everything.
On one hand, it’s completely possible that Larsen’s transfers were for personal or operational reasons like diversifying wallets or prepping for an institutional move.
On the other hand, big XRP movements during a period of scam activity and price swings (XRP just dropped over 12% after nearing $3.40) naturally get people talking.
Suddenly, the community starts wondering: What does he know that we don’t?
Add in the fact that bad actors are already flooding YouTube and Twitter with fake videos and scammy livestreams… and it becomes the perfect storm for confusion.
How to Protect Yourself from XRP Scams
Let’s break it down simply.
If you hold XRP or any crypto for that matter here’s how to stay safe right now:
- Never trust “double your XRP” offers—they’re always fake, no matter how legit they look.
- Stick to Ripple’s official channels, like ripple.com or their verified X account.
- Use cold wallets or safe apps, and always enable two-factor authentication.
Trust your tendency and if something is felt, it is probably.
Final Thoughts: Ripple Co-Founder’s Activity a Wake-Up Call
To wrap it up: the Ripple co-founder’s $175 million XRP transfer isn’t necessarily a red flag on its own but it’s happening at a time when scammers are out in full force.
In such a case, timing matters a lot. Ripple’s executives are aware of the dangers and are trying to inform the community, which is a good sign.
Nonetheless, thriving on your own may be a different story.
If your XRP balance is somewhere near million mark or just below hundreds, the notification is the same: be extra vigilant and don’t let your guard down.