Ah, mes chers lecteurs, behold the latest comédie financière! Ripple’s nouveau venture, Evernorth Holdings, hath with great pomp and circumstance acquired a treasure trove of XRP-a sum so grand, it doth approach the lofty figure of $1 billion! 🧐✨
This audacious move, a veritable coup de théâtre, marks one of the most prodigious accumulations of XRP by a single entity, suggesting a renewed institutional fervor for this cryptocurrency’s adoption. Or, as the fools in the market might say, “a bullish sign”! 🐂💨
According to the wise scribes at CryptoQuant, Evernorth’s XRP holdings now total 388.7 million tokens, purchased at the modest price of $2.44 per coin. A bargain, one might say, for such a speculative trinket! 🤑
“Evernorth Holdings Now Holds 388,710,606.03 XRP, Reaching 95% of its Target”
“Their average purchase price sits around $2.44, which could mark a key level for Ripple’s future price action.” – By @JA_Maartun
– CryptoQuant.com (@cryptoquant_com) October 27, 2025
At the current market price of $2.66, the company’s holdings are valued at approximately $1.03 billion, yielding an unrealized profit of $85.5 million. Ah, the sweet scent of paper gains! 📈💸
Evernorth Prepares to Go Public
Evernorth, born on October 20 under the auspicious gaze of Ripple, doth position itself as a bridge between the staid world of traditional finance and the wild XRP ecosystem. Led by the intrepid Asheesh Birla, a Ripple veteran, this venture aims to bring order to chaos-or so they claim! 🌉🤹♂️
The company is reportedly preparing to go public through a SPAC merger with Armada Acquisition Corp II, trading under the ticker XRPN on Nasdaq. A grand spectacle, indeed, with promises to raise $1 billion in funding, backed by Ripple, SBI Group, Rippleworks, and other wealthy patrons. Birla doth proclaim it a “major step toward institutionalizing XRP holdings.” 🏦🎉
Market Reaction and Broader Context
Evernorth’s bold accumulation hath stirred the hearts of XRP investors, causing the fourth largest cryptocurrency to leap from $2.60 to $2.66 on October 28, a 10% weekly gain. A modest rise, yet enough to excite the masses! 🚀📊
This news arrives amidst whispers of spot XRP ETFs in the United States, with the SEC yet to render its verdict. The delay, perchance, due to the ongoing government funding farce. Ah, bureaucracy, thou art a cruel mistress! 🏛️⏳
Analysts, ever the optimists, suggest that such institutional moves could bolster XRP’s long-term credibility. Yet, one must wonder, is this but a fleeting fancy or a lasting trend? 🤔💭
The sage Ether Nasyonal opines that XRP remains in a multi-year reaccumulation phase, trapped between its 2017 and 2021 peaks. A silent prelude, perhaps, to a grand parabolic wave? 🌊📉
$XRP You’re not ready for the next wave 🌊
Stuck between its 2017 and 2021 peaks, XRP is maturing in a years-long reaccumulation phase. This silence is a precursor to a major move.
Once the structure is complete, a new parabolic wave will take hold.
– EᴛʜᴇʀNᴀꜱʏᴏɴᴀL 💹🧲 (@EtherNasyonaL) October 27, 2025
Should this prophecy come to pass, XRP may yet see a “parabolic move,” making it a top crypto to buy in 2025. But, mes amis, in the world of finance, nothing is certain-save for the folly of man! 🎭💰
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2025-10-28 18:49