A new initiative led by Ripple supporters aims to establish the largest publicly accessible XRP treasury, valued at $1 billion. The ambitious project is spearheaded by Evernorth SPAC, a vehicle backed by former Ripple executive Asheesh Birla and other notable investors including SBI Holdings and Pantera Capital. This strategic move will significantly boost XRP’s liquidity, attracting institutional investment and potentially influencing the global cryptocurrency landscape. Evernorth’s goal is to not just capitalize on XRP price fluctuations but actively contribute to XRP’s ecosystem growth and market participation. Other contributing entities include Kraken and GSR, further cementing the initiative’s focus on active involvement in the XRP ecosystem. This investment carries immediate implications for the XRP asset market with anticipated increases in volume and liquidity. The project’s emphasis on compliance is expected to positively impact regulatory sentiment, solidifying XRP’s place within institutional portfolios. The emergence of this ambitious SPAC model suggests a trend of increased institutional investment in the crypto space. Such investments have historically yielded significant price and liquidity changes in past instances, potentially bolstering XRP’s position within the broader crypto market. It is important to note that market volatility exists and investors should conduct their own research before making any financial decisions.