Ripple-backed Evernorth now holds nearly 389 million XRP, worth over $1 billion

CryptoQuant data shows that Evernorth Holdings, the newly formed XRP treasury company (with close strategic ties to Ripple executives), has accumulated nearly 389 million XRP tokens. At XRP's trading price of $2.60 at the time of writing, these holdings are worth over $1 billion, making Evernorth one of the token's largest holders. CryptoQuant's on-chain analyst JA Maartun reports that as of October 27, Evernorth had invested approximately $947 million in its reserves. This investment has already generated over $50 million in unrealized gains.