XRP erases $61 billion in market value one year after Wall Street’s biggest XRP treasury plan
As Evernorth Holdings Inc. (Nasdaq: XRPN) reached its one-year anniversary of the initial deal structure and announcement that set the entire Wall Street XRP treasury plan into motion on October 19, 2026, XRP has wiped out more than $61 billion during the same period.
Over the past 12 months, XRP saw its market capitalization plummet by $61.11 billion, or a 42.62% decline, down from $143.38 billion on October 19, 2025 to $82.27 billion at press time, according to crypto data Finbold retrieved from CoinMarketCap.
XRP’s market cap change for the past 12 months. Source: CoinMarketCap
The token faced heavy selling pressure during the first half of 2026, as it bottomed around $1 in June. At the time of publication, XRP traded at approximately $1.30, after its 43% rally during the third quarter.
XRP performance on October 19. Source: CoinMarketCap
Meanwhile, the token’s derivatives market has gained momentum, driven by recent bullish sentiment. For instance, its Open Interest (OI), the total unsettled derivatives contracts, rose by nearly 17% over the past 24 hours to $13.53 billion, as per metrics from CoinMarketCap.
XRP crashes amid Wall Street adoption
XRP price has experienced strong selling pressure over the past 12 months, despite rising adoption by Wall Street investors. Exactly a year ago, Evernorth Holdings, which recently combined its business with Armada Acquisition Corp, unveiled its initial plan to launch a $1 billion corporate XRP treasury vehicle.
At the time of writing, this company – backed by Ripple Labs, Arrington Capital, SBI Group, Pantera Capital, Kraken, and GSR – held 473 million tokens, worth roughly $614.9 billion.
Despite the unwavering support from Wall Street investors, the crypto asset has lost over $61 billion in 12 months.
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