Ripple Chairman Chris Larsen has transferred 50 million XRP to Evernorth, a newly established XRP treasury company, dispelling rumors of a sell-off. Legal expert Bill Morgan confirmed that the transaction was an investment move, as the XRP was not sold on the open market. Evernorth, supported by Ripple and SBI Holdings, plans to raise $1 billion by acquiring and holding XRP. Analysts suggest that Larsen's transfer does not pose a threat to XRP's price, noting that the market has historically absorbed large insider sales without significant impact.