Evernorthâs Nasdaq debut closes down 1.05% đ
Evernorth is now trading on Nasdaq under $XRPN, but its first day ended slightly red.
Evernorth is a treasury company, a listed firm whose main business is holding one crypto token. It offers stock investors a slice of XRP through a share, with no coins to buy. It starts with about 473 million XRP on its books.
My take:
â A listed way to get XRP exposure is a real step for institutions
â ïž The SPAC shares swung hard before the debut, including a 50% one-day drop, so volatility is clearly high
đ A small -1.05% first day shows the market is still deciding what it is worth
#EvernorthNasdaqDebutClosesDown1.05% #xrp #evernorth
$XRP
Evernorth is now trading on Nasdaq under $XRPN, but its first day ended slightly red.
Evernorth is a treasury company, a listed firm whose main business is holding one crypto token. It offers stock investors a slice of XRP through a share, with no coins to buy. It starts with about 473 million XRP on its books.
My take:
â A listed way to get XRP exposure is a real step for institutions
â ïž The SPAC shares swung hard before the debut, including a 50% one-day drop, so volatility is clearly high
đ A small -1.05% first day shows the market is still deciding what it is worth
#EvernorthNasdaqDebutClosesDown1.05% #xrp #evernorth
$XRP