Ripple-backed Evernorth has accumulated nearly 389 million XRP, valued at over $1 billion.
According to ChainCatcher, citing a report from Cryptobriefing, the newly established XRP financial firm Evernorth Holdings (which has close strategic ties with Ripple executives) has accumulated nearly 389 million XRP tokens.
Based on XRP's trading price of $2.6 at the time of writing, these holdings are valued at over $1 billion, making Evernorth one of the largest holders of the token. On-chain analyst JA Maartun from CryptoQuant reported that as of October 27, Evernorth had invested approximately $947 million in its asset reserves. Currently, this investment has generated more than $50 million in unrealized gains.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Japanese dovish policymaker urges "slow down": Price increases are not driven by demand, rate hikes may drag down the economy and inflation
Toichiro Asada, a member of the Bank of Japan's Policy Board, stated that the central bank needs to remain cautious and closely monitor the impact of rate hikes on the economy, as rising interest rates pose the risk of suppressing the inflation trend.
Don't Be Misled by "Instant Purchase, Instant Access": Pro Series Zero Wait Has Been the Norm for Years, UBS Maintains Apple (AAPL.US) Target Price at $340
The waiting time for iPhone 18 Pro is approaching zero, and Duo deliveries are scheduled until the end of January. UBS maintains its forecast for iPhone revenue in the December quarter at $95.1 billions, representing a year-on-year increase of 11.5%.
Nvidia's "black swan" shakes up AI faith! Jensen Huang's controversy draws in U.S. Treasury bond buying, long-term U.S. Treasuries rise against the trend
After a brief holiday break, the US Treasury market has resumed trading, with long-term US Treasury prices rising slightly. The recent turmoil surrounding Nvidia has caused doubts about the main AI trading narrative, prompting safe-haven buying into US Treasuries.
Crypto prices
More
