CryptoQuant data shows Evernorth’s Ripple-linked accumulation reached $1B in value at $2.6 per XRP, yielding $50M in unrealized gains by late October 2024.
Evernorth Holdings, closely associated with Ripple leadership, has amassed 389 million XRP valued at more than $1 billion, according to CryptoQuant’s analysis as of October 27. The holdings were acquired at an average price of $2.6 per unit, representing an investment of approximately $947 million. The firm has realized over $50 million in paper gains, underscoring its strategic commitment to XRP and potential influence on the token’s market dynamics.