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🚨 $XRPN.US DEBUTS ON NASDAQ — BUT FIRST DAY ENDS RED! 📉 Evernorth Holdings is officially public! Ticker $XRPN started trading on Nasdaq on Oct 12 after merger with Armada Acquisition Corp. II, closing DOWN 1.05% after volatile session. Key Facts: Holds 473 MILLION $XRP + ∼$300M cash. But here's the twist - XRP reference price fell from $2.36 at signing to $1.43 at closing, wiping $443M in value from $1.12B to $677M. Over 80.3% of Armada shareholders redeemed shares for cash, removing $195.3M from deal. Backed by Ripple, Kraken, Pantera & SBI Group, Evernorth targets XRP yield via lending & DeFi, not just passive holding. Stock hit $19.39 intraday before closing red. Classic sell-the-news after XRP pulled back to $1.40 zone. Will treasury model work like MicroStrategy? Related: $XRP, $XRPN, $BTC #evernorthnasdaqdebutclosesdown1.05% #XRPN #XRP #Nasdaq #Ripple