Ripple-Backed Evernorth Hits Nasdaq Holding 473 Million XRP Worth Far Less Than It Paid
Oct 12 2026 18:09 UTC
Evernorth's XRPN shares began trading Monday after its SPAC merger closed, but 80% of SPAC investors cashed out first and its XRP stash is worth roughly 40% less than at signing.
➤ Evernorth, a Ripple-backed company focused on holding XRP, has begun trading on the Nasdaq under the ticker XRPN.
➤ Despite holding approximately 473 million XRP, the value of its holdings has decreased significantly since the initial deal announcement, and a large percentage of SPAC investors opted for redemption.
➤ Evernorth plans to generate yield through DeFi and run validators to grow its XRP holdings, aiming to become a significant player in XRP's institutional infrastructure.
Read more at: https://rwatimes.io/articles/decrypt-ripple-backed-evernorth-hits-nasdaq-holding-473-million-xrp-worth-far-less-than-it-paid-380434587?utm_source=binance
Oct 12 2026 18:09 UTC
Evernorth's XRPN shares began trading Monday after its SPAC merger closed, but 80% of SPAC investors cashed out first and its XRP stash is worth roughly 40% less than at signing.
➤ Evernorth, a Ripple-backed company focused on holding XRP, has begun trading on the Nasdaq under the ticker XRPN.
➤ Despite holding approximately 473 million XRP, the value of its holdings has decreased significantly since the initial deal announcement, and a large percentage of SPAC investors opted for redemption.
➤ Evernorth plans to generate yield through DeFi and run validators to grow its XRP holdings, aiming to become a significant player in XRP's institutional infrastructure.
Read more at: https://rwatimes.io/articles/decrypt-ripple-backed-evernorth-hits-nasdaq-holding-473-million-xrp-worth-far-less-than-it-paid-380434587?utm_source=binance