Ripple’s co-founder just moved over $120 million XRP; Here’s why

Ripple has recorded a massive on-chain transaction involving co-founder Chris Larsen, who moved over $120 million worth of ￰1￱ data shows that Larsen transferred 50 million XRP , worth approximately $123.8 million, to an unknown wallet, according to Whale Alert’s insights on October ￰2￱ Larsen XRP transfer.). ￰0￱ — Chris Larsen (@chrislarsensf) October 20, 2025 Evernorth, supported by Ripple, SBI Holdings, and Armada Acquisition Corp II, aims to build the largest public XRP treasury and create a regulated investment vehicle to facilitate institutional exposure to the ￰3￱ company is expected to raise $1 billion in gross proceeds , with $200 million already committed by Ripple affiliates and ￰4￱ congratulated the Evernorth team, describing the firm as “the missing link in XRP capital markets” and emphasizing its role in expanding XRP’s use within decentralized finance.

However, the move has revived long-standing tensions between Ripple insiders’ market activity and investor ￰5￱ Larsen still holding 2.58 billion XRP valued at about $8.8 billion, analysts remain divided over whether the transfer signals bullish institutional positioning or a prudent hedge before potential ￰6￱ price analysis Following the latest move, XRP price has not shown any significant movement, as the asset is trading in tandem with broader market ￰7￱ press time, XRP was valued at $2.41, having plunged over 2% in the past 24 hours, while on the weekly timeline, the token is down 2.3%. XRP seven-day price chart.