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Following US President Donald Trump’s announcement of the US Strategic Cryptocurrency Reserve last night, major US-based cryptocurrencies, including Ripple (XRP), came to the fore.
However, crypto detective ZachXBT warned in his statement that Ripple management has a large amount of XRP in its possession. According to the analyst, there are more than 2.7 billion XRP addresses belonging to Ripple co-founder Chris Larsen, worth a total of $7.18 billion.
These addresses transferred $109 million worth of XRP to centralized cryptocurrency exchanges in January 2025.
However, ZachXBT stated in his statement that some of the addresses he monitored had not shown any activity for 6-7 years, and that Larsen may have lost access to these addresses or may have sold the addresses in February 2013. He also reminded that Larsen was the victim of a $112 million hack earlier last year.
In addition to XRP, the planned cryptocurrency reserve also includes altcoins Cardano (ADA), Solana (SOL) and Ethereum (ETH).
*This is not investment advice.
