Workflow
Ripple’s New Venture Evernorth Buys $1B in XRP, Price Climbs 1.5%
Yahoo Finance·2025-10-28 19:53

Ripple’s new venture, Evernorth Holdings, has recently acquired around 1billionworthofXRPtokens.ThemovemarksoneofthelargestsingleentityaccumulationsofXRPtodate,suggestingarenewedinstitutionalpushforthecryptocurrencysadoption.AccordingtodatafromCryptoQuant,EvernorthsXRPholdingstotal388.7milliontokens,purchasedatanaveragepriceof1 billion worth of XRP tokens. The move marks one of the largest single-entity accumulations of XRP to date, suggesting a renewed institutional push for the cryptocurrency’s adoption. According to data from CryptoQuant, Evernorth’s XRP holdings total 388.7 million tokens, purchased at an average price of 2.44 per coin. At the current XRP market price of around 2.66,thecompanysholdingsareworthabout2.66, the company’s holdings are worth about 1.03 billion. This gives ...