Chris Larsen Stuns XRP Army With 50M XRP Transfer. Here’s the Destination

A sudden transfer of 50 million XRP, valued at roughly $123.8 million, from Ripple executive Chris Larsen to an unidentified wallet prompted strong reactions within the XRP ￰0￱ such wallet movements are not uncommon in the digital asset space, this particular transaction led to fresh speculation about potential coordination between Ripple and ￰1￱ ￰2￱ Expert Weighs In Remi Relief (@RemiReliefX), a well-known community commentator, shared his perspective shortly after Whale Alert reported the whopping ￰3￱ suggested that the transfer might signal deeper activity behind the scenes, outlining two main ￰4￱ involved the idea that Ripple and the ￰5￱ could be working together during the shutdown period to finalize certain ￰6￱ other centered on the belief that spot exchange-traded funds (ETFs) tied to XRP might be approved unexpectedly through procedural “loopholes.” He linked the timing of the movement to what he described as a potential effort between Ripple and government entities, suggesting that the shutdown could be a strategic window for progress on regulatory or market ￰7￱ Did Larsen Transfer 50 Million XRP?

Shortly afterward, Larsen provided context for the wallet ￰8￱ a post on X, he congratulated the Evernorth team on its launch and revealed that he invested 50 million XRP in the ￰9￱ described Evernorth as filling “the missing link in XRP capital markets” and expanding the token’s use in decentralized ￰10￱ are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Evernorth positions itself as a platform dedicated to building infrastructure that connects XRP liquidity with decentralized finance ￰11￱ firm, designed to operate as a public XRP treasury, has announced plans to go public through a merger expected to raise over $1 billion in gross ￰12￱ aims to develop products that make it easier for institutions and developers to integrate XRP into lending, trading, and other DeFi mechanisms.

Larsen’s 50 million XRP investment represents one of the largest individual contributions toward that goal, reflecting Ripple leadership’s continued commitment to expanding XRP’s role within decentralized ￰13￱ Relief later released an update confirming that the tokens had been sent to Evernorth. However, he maintained that his earlier statements about potential government cooperation and ETF approvals still ￰14￱ argued that even though the funds went toward a legitimate investment, the timing and conditions surrounding the movement kept his original theories ￰15￱ : This content is meant to inform and should not be considered financial ￰16￱ views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s ￰17￱ are advised to conduct thorough research before making any investment ￰18￱ action taken by the reader is strictly at their own ￰19￱ Tabloid is not responsible for any financial ￰20￱ us on X , Facebook , Telegram , and Google News