I've seen it like that. Read up on the plantation ipe. It's how it's being grown now to supply the demand.
When I used to be in business making primarily elb's I went through hundreds of boards of ipe. There is a huge natural variation and the low density, open grained, lighter in both weight and colour stuff is what I was seeing more and more often.
the very best ipe I used had a lot of red in it. The really dark, almost black stuff is great too but it's super hard to see pins in it until it's sanded.
Ipe refers to seven different species within the genus Tabebuia.