Key Notes

Evernorth has bagged roughly 261 million XRP for its treasury move.

This fund comes as redemption begins from some of its top partners including Ripple Labs.

XRP price has leaped mildly following the news.

Ripple-backed digital asset treasury firm, Evernorth Holdings Inc., has joined the likes of VivoPower International, Trident Digital Tech Holdings, and Webus, which have been stockpiling XRP XRP $2.48 24h volatility: 3.9% Market cap: $148.68 B Vol. 24h: $3.25 B .

The firm allegedly holds approximately 261 million XRP, which is worth $639.45 million, based on the current price of the coin.

Chris Larsen and Ripple Fulfill Commitment to Evernorth Deal

On October 20, Evernorth hinted at its plans to go public on the Nasdaq stock exchange through

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