A large-scale XRP transfer by Ripple has captured market attention, as 211 million XRP worth approximately $506 million was sent between two unknown wallets. The sender was Ripple itself, with the recipient being Evernorth, a company backed by Ripple and soon to go public through a SPAC merger. Blockchain data now shows that Evernorth’s wallet holds over 261.9 million XRP, suggesting an aggressive accumulation of tokens. This transfer appears connected to Ripple’s broader strategy to support Evernorth in managing a large XRP treasury. While neither company issued a statement at the time, this move aligns with Evernorth’s role in promoting institutional investment in XRP.