Evernorth listed on Nasdaq, surging on its first day before ultimately closing down 1.05%. An XRP-backed treasury company failed to hold on to its gains on day one, making it clear that the market won’t buy into the story alone.
What’s really worth watching is how much new buying pressure the listing can bring to XRP. If it simply puts existing tokens on a publicly listed company’s balance sheet without continuing to accumulate more, how long can the so-called institutionalization story last?
Do you think this is the beginning of XRP’s institutionalization, or is the market cooling off on the hype?
$XRP #Evernorth纳斯达克首日收跌1.05%
What’s really worth watching is how much new buying pressure the listing can bring to XRP. If it simply puts existing tokens on a publicly listed company’s balance sheet without continuing to accumulate more, how long can the so-called institutionalization story last?
Do you think this is the beginning of XRP’s institutionalization, or is the market cooling off on the hype?
$XRP #Evernorth纳斯达克首日收跌1.05%