XRP Doesn’t Care That Chris Larsen Is Selling; Analyst Urges Investors Not to Panic Sell

In recent days, the XRP price has come under pressure. Its earlier bull run stalled following revelations that Ripple co-founder Chris Larsen was offloading XRP.

On-chain data confirmed that Larsen sold nearly $200 million worth of XRP over the past 10 days. Several large transactions to centralized exchanges were recorded, coinciding with a 17% drop in XRP’s price this week.

Amid this, CryptoQuant analyst Maartunn warned that buyers risk becoming “exit liquidity” for Larsen’s ongoing sell-off. The perspective raises fresh concerns about insider selling and centralized token control.
Dark Defender Highlights Jed McCaleb’s XRP Dump History
In the midst of the market turbulence, prominent XRP analyst Dark Defender took to social media today to downplay fears of a long-term price impact by citing past events.

He reminded followers of Jed McCaleb, a Ripple co-founder and former CTO, who sold 266 million XRP for just $148 million back in December 2020. According to Dark Defender, had McCaleb held onto his tokens, they would be worth around $940 million today.

He noted that the market absorbed McCaleb’s large XRP sales with little lasting effect. He suggests this precedent may also apply to Larsen’s recent activity.
History Shows XRP Can Withstand Insider Selling Pressure
For context, McCaleb originally received 9 billion XRP upon Ripple’s founding. After his departure in 2013, his sales were tightly controlled through legal agreements. From 2014 to 2022, he gradually sold his allocation and fully exited his XRP position in July 2022.

Throughout those years, XRP endured numerous bull and bear cycles, from its all-time high in 2018 to its 2020 legal battle with the SEC and its 2024–2025 recovery. Despite McCaleb’s sales, XRP remained one of the top ten digital assets by market capitalization.

Dark Defender believes this historical resilience sends a clear message to current holders: “No need to fear.”
XRP Stabilizes After Correction
After plunging to $2.95 on Thursday, XRP has rebounded and is currently trading around $3.20 at press time. It is up 3% in the last 24 hours, and its price movement has started to decouple from the fear sparked by Larsen’s transactions.

Meanwhile, the Ripple chairman still controls over $9 billion worth of XRP. He has already liquidated more than $500 million worth since January. To quell investor concerns, many are now drawing comparisons to McCaleb’s gradual exit.

The XRP community has weathered large insider sell-offs before, and analysts like Dark Defender believe it can do so again.