Crypto Researcher to XRP Holders: They Tried to Hide This From You

Crypto researcher Ripple Bull Winkle has revealed what he describes as a massive, behind-the-scenes accumulation of XRP. He warned that a significant event occurred covertly, which was subsequently discovered. Evernorth quietly purchased $214 million worth of XRP, attempting to conduct the transaction discreetly without generating headlines or press releases.

Bull Winkle explained that Evernorth now controls over 473 million XRP. He characterized this as a strategic move rather than a simple trade, suggesting that Ripple believes the current price point is near the bottom for XRP.

Strategic Timing Behind the Move

According to Bull Winkle, the timing of this accumulation is deliberate. He noted that in every market cycle, there is a specific moment when influential entities position themselves before significant news, such as the upcoming ETFs, breaks and before the general public becomes aware. This current situation feels like that exact moment, described as a quiet transfer of power that might only be recognized in hindsight.

This perspective implies that the purchase was not driven by market speculation but was a calculated move to position Evernorth ahead of anticipated developments in the XRP ecosystem.

Evernorth: Ripple’s Treasury Vehicle

The significant XRP accumulation is linked to Evernorth Holdings, a treasury vehicle supported by Ripple. Public filings indicate that Evernorth acquired 84,365,876.36 XRP at an average price of $2.5366. This acquisition brings Evernorth's total XRP holdings to over 473 million tokens, aligning with Bull Winkle's earlier observations.

Evernorth's stated objective is to establish a long-term, institutional-grade XRP treasury designed to generate compounding yield. The firm intends to actively deploy its XRP holdings into various strategies, including lending, liquidity provision, and decentralized finance (DeFi) initiatives.

Going Public and Backing

Evernorth is slated to become a publicly traded entity through a special purpose acquisition company (SPAC) merger with Armada Acquisition Corp. II. The combined company will be listed under the ticker symbol XRPN.

The treasury vehicle benefits from substantial backing from prominent entities within the crypto space, including Ripple itself, SBI Holdings, Pantera Capital, Kraken, GSR, and Ripple co-founder Chris Larsen. This strong support underscores a collective confidence in XRP's long-term potential.

Liquidity Control, Not Speculation

Bull Winkle stressed that Evernorth's purchases are primarily aimed at controlling liquidity rather than engaging in speculative trading. He explained that these actions are about securing the infrastructure before the system experiences significant shifts. This is not about typical crypto speculation but rather the rebuilding of the underlying infrastructure in real time. He suggested that when XRP experiences notable price movements, driven by what might appear as an invisible hand, it's important to remember those who were aware and had already made substantial purchases before the broader market caught on.

This strategic consolidation of power within XRP's ecosystem appears to align institutional interests with Ripple's long-term vision for the digital asset.

Implications for XRP Holders

Evernorth's recent actions could lead to a reduction in the available supply of XRP on the open market, potentially exerting upward pressure on its price. The firm's focus on building out infrastructure suggests a commitment to the long-term growth and development of the XRP ecosystem.

For retail XRP holders, Bull Winkle's insights serve as a clear indication that this is not merely a short-term trade but a strategic positioning that could significantly influence XRP's trajectory in the upcoming market cycle.