#Evernorth Nasdaq Path
The listing route has just been cleared by a shareholder vote, but the order book didn't give it face value.
Shareholders of Armada Acquisition Corp. II have approved its merger with Evernorth, clearing the way for a Nasdaq listing; this XRP treasury company is expected to hold about 473M XRP. After the news broke, the contract price moved from 1.4856 to 1.4877, up 0.14%; over the past hour it's up 0.38%. However, over the last 15 minutes the buy-sell ratio was 0.782, and sell orders were 1.28 times the buy orders. The open-position value has fallen 0.13% since the news. The price has been moving around within the 1.4732 to 1.5141 range, but the funds haven't followed.
Structurally, there will be one more XRP holder at the listed-company level. Whether the trend truly plays out depends on whether the position value turns positive and whether active buying returns above 1; if the price falls below 1.4732, then this move can be treated as if it never happened.
$XRP
The listing route has just been cleared by a shareholder vote, but the order book didn't give it face value.
Shareholders of Armada Acquisition Corp. II have approved its merger with Evernorth, clearing the way for a Nasdaq listing; this XRP treasury company is expected to hold about 473M XRP. After the news broke, the contract price moved from 1.4856 to 1.4877, up 0.14%; over the past hour it's up 0.38%. However, over the last 15 minutes the buy-sell ratio was 0.782, and sell orders were 1.28 times the buy orders. The open-position value has fallen 0.13% since the news. The price has been moving around within the 1.4732 to 1.5141 range, but the funds haven't followed.
Structurally, there will be one more XRP holder at the listed-company level. Whether the trend truly plays out depends on whether the position value turns positive and whether active buying returns above 1; if the price falls below 1.4732, then this move can be treated as if it never happened.
$XRP
