$1 Billion in New Capital Could Soon Flow to XRP. Here's Why That's 1 More Reason to Buy It
Yahoo Finance·2025-11-02 11:35

Group 1 - A new major buyer, Evernorth, plans to make a $1 billion deposit to accumulate XRP, aiming to become the largest dedicated XRP treasurer in the market [2][5] - The merger with a special purpose acquisition company (SPAC) is expected to close in the first quarter of 2026, with purchases starting shortly thereafter [2][4] - Evernorth's purchase of approximately 375 million XRP, or about 0.6% of the circulating supply, is anticipated to have a significant positive impact on XRP's price [5][6] Group 2 - The growing number of slow-moving holders, including financial institutions and digital asset treasuries, is likely to constrain XRP's supply further, potentially leading to a permanent reduction in available coins [6] - The consideration of spot XRP exchange-traded funds (ETFs) by the SEC could create additional long-term demand for XRP, further tightening supply [6][7] - Overall, the price of XRP is expected to rise due to these developments [7]