How are you holding up, folks trading XRP-related stocks?
XRPN, the shell company set to merge with Evernorth, was cut in half in a single day on Tuesday, closing just above $19. It had hit as high as $53 on 10/2. Its listing date was also pushed back from 10/8 to around 10/12, reportedly for administrative reasons. Once the merger is complete, the company plans to hold more than 470 million XRP.
$XRP couldn't hold up either, dropping more than 5% in a day and falling back to just over $1.40. With shell stocks getting this overheated, getting some of the bubble out first isn't necessarily a bad thing. When it actually lists, are you betting on a rally or a sell-off? Come argue it out in the comments.
XRPN, the shell company set to merge with Evernorth, was cut in half in a single day on Tuesday, closing just above $19. It had hit as high as $53 on 10/2. Its listing date was also pushed back from 10/8 to around 10/12, reportedly for administrative reasons. Once the merger is complete, the company plans to hold more than 470 million XRP.
$XRP couldn't hold up either, dropping more than 5% in a day and falling back to just over $1.40. With shell stocks getting this overheated, getting some of the bubble out first isn't necessarily a bad thing. When it actually lists, are you betting on a rally or a sell-off? Come argue it out in the comments.