Eleven XRP treasury companies have collectively accumulated over $1.7 billion in XRP, potentially leading to a supply shock in the market. Evernorth tops the list with $1 billion in holdings, followed by Trident with $500 million and Webus International with $300 million. Some firms, including VivoPower and Everything Blockchain, intend to stake their XRP on Flare for yield generation. Japanese company Gumi holds ¥2.5 billion (approximately $17 million) in XRP, while other firms like Worksport, BC Bud, and Digital Comm possess smaller amounts. This significant institutional accumulation could impact XRP's market liquidity and price dynamics.
XRP Treasury Firms Amass $1.7 Billion, Hinting at Supply Shock
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