🚨 473 MILLION XRP ARE HEADING TO NASDAQ — BUT THERE’S A PROBLEM.
Evernorth just cleared the shareholder vote and is now targeting an October 8 debut under $XRPN, backed by roughly 473 million XRP. 🏦₿
The catch?
When the deal was signed, XRP was valued around $2.37.
Today, it’s around $1.49.
That means the XRP price is roughly 37% lower than the level used at signing. 📉
On paper, 473M XRP would be worth about $1.12B at $2.37.
At $1.49?
About $704M.
That’s roughly a $416M difference in headline value. 💸
But there’s an important detail: most of those XRP weren’t bought at $2.37 on the open market — a large portion is being contributed to the company in exchange for shares.
So the real question isn’t simply “Did Evernorth lose $416M?”
It’s this:
What happens when one of the largest publicly traded XRP treasuries finally starts trading on Nasdaq? 👀
$XRP P $XRPN.US
#XRP #Ripple #Nasdaq #Crypto #Evernorth
Evernorth just cleared the shareholder vote and is now targeting an October 8 debut under $XRPN, backed by roughly 473 million XRP. 🏦₿
The catch?
When the deal was signed, XRP was valued around $2.37.
Today, it’s around $1.49.
That means the XRP price is roughly 37% lower than the level used at signing. 📉
On paper, 473M XRP would be worth about $1.12B at $2.37.
At $1.49?
About $704M.
That’s roughly a $416M difference in headline value. 💸
But there’s an important detail: most of those XRP weren’t bought at $2.37 on the open market — a large portion is being contributed to the company in exchange for shares.
So the real question isn’t simply “Did Evernorth lose $416M?”
It’s this:
What happens when one of the largest publicly traded XRP treasuries finally starts trading on Nasdaq? 👀
$XRP P $XRPN.US
#XRP #Ripple #Nasdaq #Crypto #Evernorth