Why evernorth Is Trending Today?

Gumi, Ripple, and SBI have partnered to expand Evernorth's XRP treasury. Evernorth, backed by Ripple, is targeting a Nasdaq listing, which could potentially surge XRP prices. The company aims to raise over $1 billion for its XRP treasury, a move that has fueled institutional bullishness despite the cryptocurrency's recent price struggles.

SBI officially announced its investment in Evernorth, a Ripple-backed company focused on institutional XRP exposure. Evernorth has raised over $1 billion for this purpose, with support from Ripple and SBI Holdings. The company aims to create the world's largest XRP treasury, targeting a $1 billion XRP listing. This move has sparked investor interest and price predictions for XRP, with some experts bullish on the cryptocurrency's future. Evernorth's plans also include a Nasdaq listing through a SPAC, further boosting its profile. Ripple's CTO, David Schwartz, has clarified that he is not a full-time employee of Evernorth, ending rumors about his role in the company.