Ripple Transfers Over 200 Million XRP to Evernorth Ahead of Public Listing
A major on-chain movement has stirred the XRP community after Whale Alert reported a transfer of 211 million XRP, valued at over $506 million, between two unidentified wallets. Subsequent blockchain analysis revealed that the sender was Ripple, while the recipient was Evernorth, the Ripple-backed company gearing up for a public listing. This transaction marks one of the largest single XRP movements of 2025 and underscores Ripple’s growing institutional strategy centered around liquidity and adoption.
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Strengthening Evernorth’s XRP Reserves
Data confirms that Evernorth’s wallet now holds more than 261.9 million XRP following the transfer. This accumulation signals an intentional effort by the company to build a substantial treasury as it prepares for its next major milestone—a one billion dollar SPAC merger that will take it public.
Evernorth’s core objective is to act as a bridge between traditional financial institutions and the digital asset market. By acquiring and managing XRP holdings, the firm intends to enhance liquidity, foster institutional participation, and support global use cases built on the XRP Ledger.
Ripple’s Strategic Role
Ripple’s transfer of more than 200 million XRP demonstrates its continued confidence in Evernorth’s vision and in the long-term potential of XRP as an institutional-grade asset. The move aligns with Ripple’s broader mission to integrate blockchain technology into mainstream financial systems, particularly through partnerships that can deliver scalable liquidity and real-world utility.
Additionally, Ripple executive Chris Larsen recently sent 50 million XRP to Evernorth, while SBI Holdings—one of Ripple’s strongest global partners—committed 200 million dollars in funding. Together, these contributions reinforce Evernorth’s position as a pivotal player in advancing XRP’s ecosystem and expanding its reach across institutional markets.
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A New Chapter for Institutional XRP Adoption
Evernorth’s upcoming public listing represents a milestone for Ripple’s ecosystem, offering investors a regulated pathway to gain exposure to XRP and the growing world of blockchain-based finance. The company’s emphasis on liquidity management and asset acquisition could further stabilize XRP’s market presence, especially as institutional interest in digital assets accelerates.
This large-scale transfer and Evernorth’s expanding influence highlight Ripple’s strategy to build robust market infrastructure for XRP. With mounting institutional backing and a clear focus on real-world adoption, the stage appears set for the next phase of XRP’s evolution—one defined by deeper financial integration and sustained global momentum.
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Dr. Olajide Samuel juggles the demands of medical studies with a passion for cryptocurrency. A seasoned blogger, Olajide shares his vast global knowledge of the crypto space, offering insights to enthusiasts. Despite his busy schedule, his commitment to crypto remains strong, and he actively seeks ways to contribute to its future.
