The XRP price fell 2.6% in the past 24 hours, trading around $2.40. This decline coincided with Ripple co-founder Chris Larsen selling a significant portion of his XRP holdings, raising questions about his future intentions for the cryptocurrency. While some see this as a routine portfolio adjustment, others interpret it as cautionary move on Larsen’s part. 🚨 , a new development has emerged in the XRP landscape, with Evernorth, backed by former Ripple executive Asheesh Birla, planning to secure $1 billion through a SPAC merger for building the largest public XRP treasury. This ambitious plan involves utilizing lending, yield strategies and direct market purchases of XRP on the open market.