đ¨ 473 MILLION XRP ARE HEADING TO NASDAQ â BUT THEREâS A PROBLEM.
Evernorth just cleared the shareholder vote and is now targeting an October 8 debut under $XRPN, backed by roughly 473 million XRP. đŚâż
The catch?
When the deal was signed, XRP was valued around $2.37.
Today, itâs around $1.49.
That means the XRP price is roughly 37% lower than the level used at signing. đ
On paper, 473M XRP would be worth about $1.12B at $2.37.
At $1.49?
About $704M.
Thatâs roughly a $416M difference in headline value. đ¸
But thereâs an important detail: most of those XRP werenât bought at $2.37 on the open market â a large portion is being contributed to the company in exchange for shares.
So the real question isnât simply âDid Evernorth lose $416M?â
Itâs this:
What happens when one of the largest publicly traded XRP treasuries finally starts trading on Nasdaq? đ
$XRP P $XRPN.US
#XRP #Ripple #Nasdaq #Crypto #Evernorth
Evernorth just cleared the shareholder vote and is now targeting an October 8 debut under $XRPN, backed by roughly 473 million XRP. đŚâż
The catch?
When the deal was signed, XRP was valued around $2.37.
Today, itâs around $1.49.
That means the XRP price is roughly 37% lower than the level used at signing. đ
On paper, 473M XRP would be worth about $1.12B at $2.37.
At $1.49?
About $704M.
Thatâs roughly a $416M difference in headline value. đ¸
But thereâs an important detail: most of those XRP werenât bought at $2.37 on the open market â a large portion is being contributed to the company in exchange for shares.
So the real question isnât simply âDid Evernorth lose $416M?â
Itâs this:
What happens when one of the largest publicly traded XRP treasuries finally starts trading on Nasdaq? đ
$XRP P $XRPN.US
#XRP #Ripple #Nasdaq #Crypto #Evernorth