Ripple co-founder Chris Larsen has sold a substantial amount of XRP tokens, worth approximately $120 million, in a single hour. This move, first reported by CryptoQuant, has ignited speculation within the crypto community regarding its implications for XRP’s future. 50 million XRP were transferred, coinciding with Evernorth Holdings’ planned $1 billion Nasdaq listing, which aims to establish the world’s largest publicly traded XRP treasury. While analysts are divided on whether this sale signifies confidence or caution for XRP investors, some view it as a strategic move supporting Evernorth’s ambitious endeavors. Ripple co-founder Chris Larsen recently sold 50 million XRP tokens, worth approximately $120 million, in a single hour. This coincides with Evernorth Holdings’ planned $1 billion Nasdaq listing. Evernorth is backed by Ripple and aims to build the world’s largest publicly traded XRP treasury. Some see this as a positive sign for long-term XRP investment potential, while others are cautious about the implications of Larsen’s actions on the market.