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Ripple-Backed Evernorth Hits Nasdaq Holding 473 Million XRP Worth Far Less Than It Paid

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Ripple-Backed Evernorth Hits Nasdaq Holding 473 Million XRP Worth Far Less Than It Paid

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.

Key Takeaways

  1. 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.
  2. Read the full article for additional context and details.
  3. Read the full article for additional context and details.
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Summary generated by IndiCrypto from Decrypt. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.