4.73 billion $XRP tokens—this isn’t all meant to be bought in the market next. In an October 1 announcement, Evernorth said that at the time of the merger settlement, it expects to hold that many, including tokens directly contributed by investors.
Shareholders have approved the merger, with settlement planned for October 7 and trading to begin on Nasdaq on October 8, though there are still settlement conditions. I’d rather wait for the actual holdings disclosure: treating the estimated holdings as incremental buy pressure can easily lead to a mistaken interpretation.
Shareholders have approved the merger, with settlement planned for October 7 and trading to begin on Nasdaq on October 8, though there are still settlement conditions. I’d rather wait for the actual holdings disclosure: treating the estimated holdings as incremental buy pressure can easily lead to a mistaken interpretation.
