Ripple Could Acquire Chris Larsen’s 2.5B XRP Holdings, Says Pundit

TLDR

• Ripple may consider purchasing Chris Larsen’s remaining 2.5 billion XRP holdings.
• The speculation came from XRP Liquidity, a well-known market analyst.
• Evernorth launched a $1 billion XRP treasury backed by major investors, including Ripple and SBI Holdings.
• Chris Larsen contributed 50 million XRP, worth $120 million to the Evernorth initiative.
• The transaction initially caused market concerns but was later confirmed as a contribution.

Ripple may consider acquiring the 2.5 billion XRP held by its co-founder, Chris Larsen, according to community speculation. The claim came from “XRP Liquidity,” an analyst who tracks XRP’s market movements and circulating supply. The suggestion followed Evernorth’s $1 billion XRP treasury campaign, which drew significant attention within the crypto market.

Evernorth’s Massive XRP Treasury Drive

Evernorth recently announced plans to create the most extensive XRP treasury in history, raising funds worth $1 billion. Ripple, SBI Holdings, and other investors joined the campaign to build a global XRP reserve. According to reports, Ripple committed $300 million in XRP, while SBI pledged $200 million.

Additionally, Evernorth secured $645 million from other investors, signaling growing institutional interest in XRP. Chris Larsen personally contributed 50 million XRP, worth $120 million, from his account “chrislarsen2.” He transferred the tokens to the Evernorth wallet on October 20, as confirmed by blockchain data.

The transaction initially raised concerns among traders, but analysts later clarified that it was a contribution, not a sale. After the movement, Larsen retained 2.5 billion XRP from his original holdings. Those holdings date back to the early distribution phase of the XRP Ledger, which occurred over 13 years ago.

Ripple May Target Larsen’s Remaining XRP

Following the transaction, “XRP Liquidity” suggested Ripple could acquire Larsen’s remaining 2.5 billion XRP. The analyst said, “Ripple may eventually have to buy out Larsen’s holdings to avoid future market complications.” He emphasized that, despite his executive position, Larsen’s holdings remain private and independent of Ripple.

The suggestion stems from historical precedent within the XRP ecosystem. Former Ripple co-founder Jed McCaleb gradually sold his XRP holdings over the course of eight years after leaving the firm. That sale caused periodic pressure on XRP’s price, which Ripple would likely want to prevent repeating.

Therefore, analysts believe that Ripple could seek to acquire control of Larsen’s tokens to stabilize the XRP market. “Ripple cannot risk another scenario like McCaleb’s,” “XRP Liquidity” added. However, the commentary remains speculative, and Ripple has not confirmed any such plan.

Besides Larsen, co-founder Arthur Britto also holds a substantial XRP balance. Data from XRPScan indicates that Britto owns approximately 1.3 billion XRP, valued at around $3.12 billion. His identity remains largely private, though his early role in Ripple’s foundation is well-documented.

If Ripple acquires Larsen’s and Britto’s XRP, the firm could consolidate significant market control. Currently, Larsen’s XRP holdings alone are worth over $6 billion, comparable to the wealth of billionaire Mark Cuban. Analysts noted that at a projected $200 per XRP, Larsen’s holdings could reach $500 billion.

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