Ripple-Backed Evernorth Crashes Over 23% as Insiders Get Cleared to Sell
Evernorth Holdings (Nasdaq: XRPN), the XRP treasury company backed by Ripple, plunged 23.5% to $7.96 on Nov. 10 after a prospectus covering up to 73.7 million shares for resale went live. The Filing Behind the Drop The sell-off followed a final prospectus dated Nov. 9 and filed with the U.S. Securities and Exchange Commission (SEC). […]
Key Takeaways
- Evernorth Holdings (Nasdaq: XRPN), the XRP treasury company backed by Ripple, plunged 23.5% to $7.96 on Nov.
- 10 after a prospectus covering up to 73.7 million shares for resale went live.
- The Filing Behind the Drop The sell-off followed a final prospectus dated Nov.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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