Evernorth has executed a significant internal transfer of 126,791,448 XRP, valued at approximately $280 million, according to Whale Alert. The transaction, moving funds between two unknown wallets, is part of Evernorth's strategic financial operations, potentially linked to liquidity management or internal fund distribution.
This move comes as Evernorth bolsters its XRP holdings, recently adding 84,365,876 XRP, bringing its total to over 473 million tokens. The transfer aligns with Ripple's $1 billion initiative to enhance XRP's institutional adoption, highlighting the growing interest in XRP among institutional investors.
Evernorth Transfers $280M in XRP Amid Institutional Expansion
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