Ripple’s Strategic XRP Moves Fuel Institutional Growth as Evernorth Invests $1B in SPAC Merger

Chris Larsen, co-founder of Ripple, recently sold 50 million XRP worth $120 million, aligning with Evernorth’s ambitious $1 billion merger via a Special Purpose Acquisition Company (SPAC). This strategic move highlights the growing role of institutional investors in XRP adoption. While the market witnessed slight fluctuations, the broader market remained stable as Ripple continues to focus on building its institutional presence.