Larsen's XRP Wallets Show Fresh Activity Ahead of Texas Primary

Chris Larsen, co-founder and executive chairman of Ripple, has recently shown new blockchain activity in his XRP wallets containing approximately 2.58 billion XRP valued at $3.5 billion.

This movement is significant as it comes just before the Texas Democratic primary runoff and follows past patterns where wallet transfers coincided with substantial XRP market shifts.

Larsen's wallets have historically moved large amounts to exchanges during price peaks, influencing market sentiment.

As a result, XRP trades near $1.35 as the Chicago Mercantile Exchange (CME) prepares to launch 24/7 XRP futures on May 29.