Evernorth supported by Ripple has accumulated nearly 389 million XRP, worth over 1 billion dollars.

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According to ChainCatcher news, as reported by Cryptobriefing, the newly established XRP financial company Evernorth Holdings (which has close strategic ties with Ripple executives) has accumulated nearly 389 million XRP tokens. Based on the trading price of XRP at $2.6 at the time of writing, these holdings are valued at 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 has invested approximately $947 million in its asset reserves. Currently, this investment has yielded over $50 million in unrealized gains.

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