PANews reported on October 29th that, according to Cryptobriefing, CryptoQuant data shows that the newly established XRP finance company Evernorth Holdings (with close strategic ties to 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 worth over $1 billion, making Evernorth one of the largest holders of the token. CryptoQuant's on-chain analyst JA Maartun reported that as of October 27th, Evernorth had approximately $947 million invested in its asset reserves. Currently, this investment has generated over $50 million in unrealized gains.
Ripple-backed Evernorth now holds nearly 389 million XRP, worth over $1 billion
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