A Major XRP Holder Has a $2.54 Problem With Evernorth’s 473M XRP Treasury
Photo: Times Tabloid
Crypto investor and trader Cheeky Crypto has outlined a potential risk for XRP holders as Evernorth prepares to manage its 473 million XRP treasury. The company acquired some of its tokens at an average price of $2.54, well above XRP’s quoted price of $1.31 in the video. However, the investor’s analysis suggests that the difference between these prices is not the main concern. Evernorth’s debt obligations, operating expenses and plans to generate returns from its holdings could determine whether it eventually sells XRP.
Source: Times Tabloid
