Ripple’s New Venture Evernorth Buys $1B in XRP, Price Climbs 1.5%

Ripple’s new venture, Evernorth Holdings, has recently acquired around $1 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, the company’s holdings are worth about $1.03 billion. This gives ...