A wave of frustration has swept through the XRP community following revelations that Ripple CEO Brad Garlinghouse sold approximately $200 million worth of XRP near the recent market peak.
The information, first flagged by blockchain analytics platform Xaif, was amplified in a post by prominent crypto influencer Crypto Bitlord, who questioned Garlinghouse’s faith in XRP’s long-term promise if he chose to offload such a substantial amount at the top.
XRP sales linked to Garlinghouse’s wallets were reportedly spread over 10 days, sparking interest due to their large size and suspicious timing, which coincided with XRP’s local price peak. On-chain data from platforms like Lookonchain and confirmations from Xaif point to a deliberate and strategic liquidation that has unsettled parts of the XRP holder base.
So Brad Garlinghouse sold $200m of $XRP at the top
If it’s the future of finance why would he do that?
This shit is starting to feel like a scam. The white house didn’t even mention it.
I can feel a CTO coming on
— Crypto Bitlord (@crypto_bitlord7) August 1, 2025
Context: Past and Present XRP Sales
This isn’t the first time Garlinghouse’s XRP holdings have raised eyebrows. In its 2020 lawsuit, the SEC disclosed that Garlinghouse sold approximately $600 million worth of XRP between 2017 and 2020, mainly on non-US exchanges. These earlier sales became central to the SEC’s claim that Ripple executives were profiting from unregistered securities offerings.
With Ripple’s multi-year legal battle against the SEC nearing its end, some see the timing of this new $200 million sale as curious. In June 2025, Ripple Labs officially withdrew its cross-appeal against the U.S. Securities and Exchange Commission (SEC) following Judge Analisa Torres’ denial of the proposed final settlement agreement. The SEC is expected to follow suit, effectively closing one of the crypto industry’s most closely watched legal disputes.
Community Reaction and Questions of Trust
The backlash from the community has been swift. “If XRP is the future of finance, why would Brad sell now?” asked Crypto Bitlord. He also criticized the lack of government support, noting that the White House failed to mention XRP in its latest statements on digital asset innovation, further fueling fears that the project may be losing relevance on the national stage.
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Some users went as far as to call XRP a scam, citing these executive sell-offs as evidence that key figures are cashing out while everyday investors hold bags of hope. The sentiment was echoed by several influential voices on X, with one user stating, “It’s starting to feel like we’ve all been had.”
Defending the Sale
Supporters of Garlinghouse argue that executives are entitled to sell tokens for personal diversification, tax strategy, or liquidity, especially after years of navigating regulatory hostility. They also point out that Garlinghouse still holds significant XRP and Ripple equity, with his net worth estimated in the multi-billion-dollar range.
Still, critics believe the optics are damaging. At a time when the XRP community is expecting utility breakthroughs and institutional adoption, a high-profile sale like this casts doubt on whether even Ripple’s leadership believes in the vision they’ve long championed.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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