Summary
- Chris Larsen, Ripple co-founder, announced the sale of 50 million XRP.
- The sale amounted to approximately 120 million dollars.
- Evernorth said it plans to raise more than 1 billion dollars and strategically stockpile XRP.
On the 20th (local time), CryptoQuant contributor Maartunn said on X (formerly Twitter) that Chris Larsen, Ripple co-founder, sold 50 million XRP.
The sale amounted to about 120 million dollars and occurred immediately after news that Evernorth, a crypto venture and Ripple's strategic partner, is pursuing a SPAC listing.
Evernorth plans to raise more than 1 billion dollars to strategically stockpile XRP.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
![[Exclusive] “Airdrops also taxable”... Authorities to adopt a ‘comprehensive approach’ to crypto assets](https://media.bloomingbit.io/PROD/news/d8b64ab3-376a-41c1-a0a8-5944ff6b90c7.webp?w=250)
![[Market] Bitcoin slips below $75,000…Ethereum also falls under $2,200](https://media.bloomingbit.io/PROD/news/eaf0aaad-fee0-4635-9b67-5b598bf948cd.webp?w=250)