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XRP is making big moves again 🔍
Evernorth Holdings now holds 387 million XRP, worth over $1 billion, making it one of the largest institutional holders of XRP. What’s their strategy? Just keep buying—using all their profits to continue accumulating XRP, a bit like how MicroStrategy dealt with Bitcoin back in the day.
Even more impressive, XRP founder Chris Larsen personally transferred 50 million XRP to them, and Pantera Capital and SBI Holdings also invested alongside. What does this mean? Institutions are starting to take XRP seriously.
Evernorth also plans to merge with Armada SPAC and go public on Nasdaq under the ticker XRPN. Once listed, with increased transparency, more institutional investors will dare to join in.
The most interesting part is their plan to run validator nodes on the XRP Ledger and bring the RLUSD stablecoin into the DeFi ecosystem—this is truly an untapped goldmine.
The data speaks: XRP has risen 10% in the past week, and trading volumes are up. Trident Digital and Webus are also accumulating XRP, and this trend is only getting stronger.
Risks remain: the market is highly volatile, and there’s still regulatory uncertainty. But this wave of institutional participation is definitely changing the entire XRP ecosystem.