In an Oct. 21 post, he described Evernorth as holding 473 million XRP and said it planned to use the tokens across lending, liquidity and institutional markets.
Menlo Ventures’ position is estimated at $14 billion, while Coatue, Spark Capital and Sequoia also hold stakes valued in the billions on paper.
XTEN’s planned initial supply is 1 billion tokens. Eligible recipients are slated to receive their allocation at no cost in self-custodied Arc wallets.
Pepe gained 9.57%, while 52 of the 90 largest cryptocurrencies excluding stablecoins rose over the same 24-hour period.
Settlements averaged $24.05 billion a day, up 3.9% from the second quarter.
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