Ripple CEO and prominent XRP supporter, Chris Larsen, recently transferred 50 million XRP to an unidentifiable wallet, sparking a flurry of discussion within the XRP community. While such large-scale transactions are not uncommon in the cryptocurrency space, this specific move has fueled speculation about potential collaborations between Ripple and U.S. regulatory bodies during a period marked by government shutdown activity. Crypto commentator Remi Relief highlighted two key possibilities: coordinated efforts to finalize certain projects between Ripple and U.S. government entities, or the unexpected approval of XRP-backed spot ETFs via loopholes in regulations. 50 million XRP was used for a strategic investment in Evernorth, which aims to expand the use of XRP within decentralized finance applications by connecting liquidity to DeFi platforms. Larsen’s investment is considered significant support for expanding XRP’s role in DeFi markets. While the transfer was initially met with intrigue and speculation, commentator Remi Relief later confirmed the funds had been sent to Evernorth. However, he maintained that his earlier theories about government-Ripple cooperation and potential ETF approvals still hold water due to the timing and circumstances surrounding the transaction.