Follow UsRipple-Backed Evernorth Hits Nasdaq Holding 473 Million XRP Worth Far Less Than It Paid
Neutral-32.87%
12 Oct, 18:09
Source: Decrypt
AI Summary
Evernorth's XRPN shares begin trading following a SPAC merger marred by an 80% investor exit rate and a 40% depreciation in its core XRP treasury holdings.
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.