Evernorth Moves $280 Million in XRP Amidst Price Dip

Ripple-backed treasury company, Evernorth Holdings, recently transferred a significant sum of XRP, approximately $280 million, between two internal wallets. This large transaction occurred amidst the cryptocurrency market experiencing a price drop below its crucial support level of $2.20. 🔎 While this move remains speculative for some in the community, analysts believe it likely involved internal restructuring rather than a market sale.