According to reports, Evernorth — a Ripple-backed treasury firm — has agreed to merge with Armada Acquisition Corp II and plans to list under the XRPN 0 Reading: Forget Billions—XRP Could Hit Trillions, Leading Expert Says The SPAC deal aims to raise $1 billion to build what Evernorth calls a large XRP 1 and co-founder Chris Larsen contributed XRP to the 2 days after the SPAC announcement, reports said Evernorth had already received $1 billion worth of 3 merger is targeted to close in Q1 4 Contributions & Cash Buying Because the early inputs were paid in XRP rather than cash, immediate upward pressure on exchange order books did not 5 purchases require fiat or cash to be placed into public markets.
SBI’s announced $300 million cash pledge is one example of money that could be used to buy XRP 6 so far most of the headline amounts are XRP moved into a treasury, not fresh cash hitting 7 is my understanding the new @evernorthxrp venture will raise $1BN through XRP direct investment, as announced and as we’ve seen on the 8 you thinking “how will that affect open market XRP?”. Let me 9 next plan is to IPO on stock 10 will raise… — Vincent Van Code (@vincent_vancode) October 27, 2025 Analyst Signals Incoming ‘Shock’ Vincent Van Code, a software engineer and active voice in the XRP community, told followers on X that the bigger event may still be 11 said the IPO itself could bring billions in new 12 those funds are later used to buy XRP on the open market, he warned, existing supply could tighten and a “supply shock” might 13 Code did not offer a fixed 14 commentators, including a market voice known as Nietzbux, have already framed the development as strongly bullish for 15 The Timing Matters Based on reports, the sequence is what could change prices: cash raised first, then purchases on public 16 that order is reversed — cash arrives and large buys follow quickly — liquidity could be 17 have varying depth.
A single large buyer can move prices more in thin markets than in thick 18 is simple market 19 is also why some community members are watching the SPAC schedule 20 will come a time where XRP and XRPL is just where you keep most of your 21 is called 22 hint. — Vincent Van Code (@vincent_vancode) October 17, 2025 Related Reading: Dogecoin Flashback: Mirror Move Hints At Record-Breaking Surge XRP’s Role And The Broader Narrative A number of developers and analysts now speak of XRP not only as a payment bridge but also as a treasury asset inside the XRPL 23 Code suggested that a time may come when people keep a big share of their wealth in XRP and on the XRP Ledger.
Ripple’s CTO David Schwartz has emphasized similar ideas about self-custody and on-ledger 24 themes are being reused as part of the argument for long-term 25 image from Gemini, chart from TradingView
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