Ripple co-founder Chris Larsen has transferred approximately $26 million worth of XRP to Coinbase, igniting speculation about potential market impacts. The transaction, highlighted by Wu Blockchain, adds to the nearly 106 million XRP, valued at $344 million, that Larsen has moved to various exchanges and wallets since the beginning of 2025. This activity occurs as XRP approaches its all-time high of $3.40, drawing significant interest from investors. The futures market has seen open interest rise to $9.98 billion, the highest since 2021. Additionally, large holders have accumulated over 2.2 billion XRP in the past two weeks. The anticipated launch of the ProShares XRP Futures ETF on July 18 is expected to further influence market dynamics.