Ripple co-founder Chris Larsen has addressed accusations from social media users regarding the transfer of 50 million XRP tokens. Contrary to claims of a sell-off, Larsen clarified that the transaction was an investment in Evernorth, a firm focused on XRP. Pro-crypto lawyer Bill Morgan supported Larsen's statement, emphasizing that the transfer was a capital deployment rather than a market sale. The controversy briefly affected XRP's market stability, but no substantial evidence indicated any harm to the market. The clarification aims to dispel the 'dump' narrative and reassure investors about the nature of the transaction.