Crypto market watcher Stedas has said that many investors are still not bullish enough on XRP, even with all the developments happening around the token. In a new post on X, the popular pundit pointed to a project that could push the altcoin further into the spotlight. He explained that the project, which involves leading names connected to Ripple, shows how strong the long-term belief in XRP has become. The post has also started new conversations in the community about what this means for the future of the coin and its role in global finance.
Stedas Points To XRP Treasury Company’s Massive $1.1 Billion Backing
In his post titled, “You are still not bullish enough on $XRP,” Stedas highlighted the rise of Evernorth, a company that plans to manage over 560 million XRP. According to him, this makes Evernorth the largest publicly listed XRP treasury company so far. The scale of the move indicates that major players are building serious projects around the altcoin, not just trading it for short-term gains.
Stedas shared that Evernorth has raised $1.1 billion to support its operations and long-term plans. The post explained that the funding includes $300 million from Ripple, $200 million from SBI Holdings, and another $645 million from institutional investors.
For Stedas, this level of investment proves that XRP’s growth story is far from over. He suggested that many people might still be underestimating how large the ecosystem could become as more firms adopt it for payments and finance. His point is that if so much institutional money is entering the space, then the general market sentiment might still be too cautious. To him, this is a reason to be even more optimistic about its future.
Ripple Executives Join Evernorth As Advisors And Board Members
Stedas also noted that Evernorth’s leadership team is full of key names from Ripple, which adds another layer of strength to the project. He pointed out that Ripple’s CEO, Brad Garlinghouse, and CTO David Schwartz are serving as strategic advisors for Evernorth. Both are well-known figures in the crypto world and have been central to Ripple’s efforts to expand blockchain use in global payments.
Along with them, Asheesh Birla and Stu Alderoty, both senior Ripple executives, are part of Evernorth board of directors. Their experience gives the company strong connections to Ripple’s existing network and technology.
This mix of funding and leadership explains why Stedas believes the market is still not bullish enough on XRP. Institutional support and direct involvement from top Ripple figures could make Evernorth one of the most essential XRP-related projects so far. For investors and community members, Stedas’ post could serve as a reminder that the cryptocurrency continues to attract primary backing from serious players, and that the story may be just getting started.
Featured image created with Dall.E, chart from Tradingview.com
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