didn't do this move — its Wall Street proxy did 📈
The SPAC taking XRP treasury firm Evernorth public (XRPN) closed Friday at $39.42: +68% in a day, about +273% in a week, after briefly touching $53 from $10.58.
Why so violent? Roughly 80% of the SPAC's cash went back to shareholders, leaving a tiny float — small orders swing it hard (CoinDesk).
The merger closed Oct 7. Evernorth now holds around 473M XRP, worth roughly $714M at $1.51.
So XRP now trades two ways: on crypto exchanges and on Nasdaq. Which one runs harder from here?
#XRP #Nasdaq #CryptoNews
DYOR
The SPAC taking XRP treasury firm Evernorth public (XRPN) closed Friday at $39.42: +68% in a day, about +273% in a week, after briefly touching $53 from $10.58.
Why so violent? Roughly 80% of the SPAC's cash went back to shareholders, leaving a tiny float — small orders swing it hard (CoinDesk).
The merger closed Oct 7. Evernorth now holds around 473M XRP, worth roughly $714M at $1.51.
So XRP now trades two ways: on crypto exchanges and on Nasdaq. Which one runs harder from here?
#XRP #Nasdaq #CryptoNews
DYOR