Evernorth, a publicly traded digital asset treasury, recently made a massive transfer of 126.79 million XRP (around $280 million), sparking speculation in the crypto community. While initially appearing mysterious, analysis reveals this was an internal move by Evernorth as part of a larger strategic plan. This raises questions about market manipulation and Evernorth’s growing influence. The move, while seemingly unconnected to external markets, is significant considering Evernorth’s recent $214 million investment in XRP, pushing their holdings above 473 million tokens. 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 Evernorth’s strategic move of transferring large amounts of XRP to unknown wallets has raised concerns about market manipulation and potential influence. However, this internal transfer could signal a more controlled approach by Evernorth as it relates to their investment strategies. Ripple’s $1 billion initiative to launch an institutional-focused XRP vehicle further underscores the growing legitimacy of XRP in the eyes of institutions. 🧐 This combination, alongside Evernorth’s growing commitment to XRP and Ripple’s strategic push, signifies a potential tipping point for XRP in the market.