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

According to CryptoQuant data, Evernorth Holdings, a newly established XRP finance company (with close strategic ties to Ripple executives), has accumulated nearly 389 million XRP tokens. Based on XRP's trading price of $2.60 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 27, Evernorth had approximately $947 million invested in its asset reserves. This investment has already generated over $50 million in unrealized gains. (Cryptobriefing)