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XRP market value drops $61B in a year as Evernorth starts Nasdaq trading with 473M XRP holdings.

Market News
20 Oct 2026
Coinpaper
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Neutral
XRP market value drops $61B in a year as Evernorth starts Nasdaq trading with 473M XRP holdings.

XRP's circulating market value fell by $61.14 billion, a 42.6% drop over the past year, despite an increase in circulating supply from 59.98 billion to 63.13 billion tokens. This decline coincides with Evernorth Holdings, backed by Ripple, entering Nasdaq with about 473 million XRP, marking one of the largest publicly traded XRP treasuries. Evernorth aims to generate yield through lending and liquidity strategies with partners like Ripple, Kraken, Coinbase, and BitGo, moving beyond just holding XRP as a speculative asset. The company's Nasdaq debut was volatile, reflecting market uncertainty about XRP's future value and institutional adoption.

XRP's circulating market value dropped by $61.14 billion, a 42.6% decline over the past year despite an increase in circulating supply. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 20, 2026 19:51 WIB: out of 50 major cryptocurrencies, 20 rose and 29 fell today. Notable movers include EOS (EOS.IO) up 8.13% at Rp12.649 with a typical hold time of 87 days, COMP (Compound) up 6.81% at Rp412.409 with 99% buy order activity and a typical hold time of 98 days, and THETA (Theta Network) down 100% sell order activity at Rp3.576 with a typical hold time of 78 days.

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