Crypto researcher Ripple Bull Winkle has revealed what he describes as a massive, behind-the-scenes accumulation of XRP.
He warned: “Something massive just happened behind the scenes and they tried to hide it, but they didn’t. We were able to find it. Evernorth quietly purchased $214 million worth of XRP. No headlines, no press release, trying to do it all under the radar.”
Going further, he explained, “Now they control over 473 million XRP. Think about that. That’s not a trade. That’s a move. And Ripple, they are telling you they do believe that this is pretty much as close to the bottom as this thing is going to go. That’s why they’re buying it there.”
Strategic Timing Behind the Move
According to Bull Winkle, this accumulation is carefully timed. He said, “Every cycle, look, we have that one moment. I get it. When the elites position themselves before the news breaks, before the ETFs, which are coming next week, before the masses even realize what’s happening. This feels like that exact moment. A quiet transfer of power. The kind you only notice when it’s too late.”
This implies the purchase was not market-driven speculation but a deliberate positioning before major developments.
🚨 THEY TRIED TO HIDE THIS FROM YOU #XRP pic.twitter.com/DOLTLtQrJt
— Ripple Bull Winkle | Crypto Researcher 🚀🚨 (@RipBullWinkle) November 14, 2025
Evernorth: Ripple’s Treasury Vehicle
The accumulation centers on Evernorth Holdings, a Ripple-backed treasury vehicle. Public filings show it purchased 84,365,876.36 XRP at an average price of $2.5366. This brings Evernorth’s total XRP holdings to over 473 million tokens, mirroring Bull Winkle’s observations.
The firm aims to build a long-term, institutional-grade XRP treasury that generates compounding yield. It plans to actively deploy XRP into lending, liquidity, and DeFi strategies.
Going Public and Backing
Evernorth is set to go public through a SPAC merger with Armada Acquisition Corp. II. The combined entity will trade under the ticker XRPN.
The treasury has strong backing from Ripple, SBI Holdings, Pantera Capital, Kraken, GSR, and Ripple co-founder Chris Larsen. This highlights confidence in XRP’s long-term potential.
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Liquidity Control, Not Speculation
Bull Winkle emphasizes that Evernorth’s purchases are about liquidity control, not hype. He explained:
“They’re locking in the rails before the system slips. This isn’t crypto speculation. It is the infrastructure being rebuilt in real time. And when you see XRP suddenly move, like it’s being publicly traded by an invisible hand, just remember who already knew and how much they bought before the world actually caught on.”
The move signals a deliberate consolidation of power within XRP’s ecosystem, aligning institutional interests with Ripple’s long-term vision.
Implications for XRP Holders
Evernorth’s actions could tighten XRP supply in the open market, potentially creating upward price pressure. Its focus on infrastructure suggests long-term ecosystem growth.
For retail holders, Bull Winkle’s warning is clear: this is not just a trade, but a strategic positioning that may define XRP’s next cycle.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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