It seems that Evernorth, the bold and fearless champion of XRP adoption, is off to a flying start in its quest for global crypto domination. The first-of-its-kind institutional vehicle, designed to accelerate XRP’s role in the universe, is picking up speed faster than a caffeinated cheetah on a hoverboard.
This week, Evernorth made headlines once again by announcing its latest adventure: a business combination agreement that promises to raise over a whopping $1 billion in gross proceeds. The goal? To create the largest public XRP treasury company on Nasdaq, under the flashy ticker “XRPN.” Because why settle for small change when you can aim for the moon?
But wait, there’s more! Not only does this audacious move promise to create the largest XRP treasury in existence, but it also has its sights set on revolutionizing the XRP Ledger ecosystem. And, as a cherry on top, it aims to help launch the Ripple USD stablecoin (RLUSD) as an on-ramp into the wild, wild world of DeFi integration. It’s almost like the XRP community is on the verge of its own version of a crypto renaissance. Excited yet? You should be. 🤑
The XRP community has collectively lost their minds in excitement, watching this wild ride unfold. But, you know, they’re keeping their expectations grounded… kind of. 😜
261,819,198 XRP Now Held by Evernorth
So, what’s the latest? Well, it seems that Evernorth has now successfully acquired a grand total of 261,819,198 XRP. That’s right. Two hundred and sixty-one million. You read that correctly. Let that sink in for a moment. 💸
In a rather charming tweet, Vet, an XRP Ledger dUNL validator, shared the juicy details of this achievement. The screenshot revealed the impressive stash of XRP now under Evernorth’s command. And here’s how it all came together, according to Vet’s tweet:
Evernorth has now 261M XRP. Who has sent XRP so far?
> Ripple sent two payments: 211M and 319k XRP
> Chris Larsen sent 50M XRP
> Uphold exchange acc sent 199k XRP
> Jana label 🏷️ acc sent 300k XRP
That’s all in XRP, no stables.
As if this wasn’t enough of a crypto soap opera, let’s break down the contributing characters, shall we? Ripple itself threw in two hefty payments-211 million XRP and 319,000 XRP (because why not?). Ripple’s Chairman and Cofounder, the legendary Chris Larsen, joined the fun with a cool 50 million XRP. Uphold exchange didn’t want to be left out either, sending over 199,000 XRP. And, of course, Jana Label tossed in a modest 300,000 XRP. Because, well, every little bit helps, right? 😏
Now, let’s talk about money. At the current price of $2.39, this grand total of 261,819,198 XRP held by Evernorth is worth a jaw-dropping $625,747,883. That’s right, folks-more than halfway to the glorious $1 billion target. But don’t get too comfortable, because this transaction is expected to wrap up by Q1 of 2026. The countdown begins. ⏳
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2025-10-24 14:42