XRP whales control 68.5% of supply, the highest level since 2022, while Evernorth Holdings seeks to raise $80.7M to expand XRP holdings.
Macro & Markets ·
Wallets holding at least 10 million XRP now account for 46.87 billion tokens, representing 68.5% of total supply and the highest concentration since November 2022, even as the token trades near $1.3. Evernorth Holdings is pursuing $80.7 million in funding through an equity facility to expand its XRP purchases and operations, building on its current treasury position of approximately 473 million tokens. Over the past 30 days, around 5.3 billion XRP moved off exchanges, with Binance recording the largest outflow at approximately 2.206 billion tokens, potentially reducing readily available supply for sale.