According to CryptoSlate, Evernorth, a newly formed XRP-focused treasury company, has generated an estimated $75 million in unrealized gains after acquiring nearly $1 billion worth of XRP in its first week of operation. The firm's aggressive accumulation, reported by blockchain analytics platform CryptoQuant, includes the purchase of 388.7 million XRP at an average price of $2.44, with the token currently trading at $2.61. This move highlights growing institutional interest in XRP, coinciding with the launch of the first US ETF offering direct XRP exposure, the XRPR ETF, which surpassed $100 million in assets under management within a month.
Evernorth's XRP Bet Generates $75M in Early Gains
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