Nasdaq's XRP Treasury Crashed Nearly 50% In a Month
Ripple-backed Evernorth has lost nearly 47% since its October Nasdaq listing. Meanwhile, a new filing lists 73.7 million shares that holders could resell, raising fears of fresh selling pressure. The overhang could test investor confidence in one of the largest corporate bets on XRP. Evernorth Faces a 73.7 Million Share Overhang Evernorth, an XRP treasury The post Nasdaq's XRP Treasury Crashed Nearly 50% In a Month appeared first on BeInCrypto.
Key Takeaways
- Ripple-backed Evernorth has lost nearly 47% since its October Nasdaq listing.
- Meanwhile, a new filing lists 73.7 million shares that holders could resell, raising fears of fresh selling pressure.
- The overhang could test investor confidence in one of the largest corporate bets on XRP.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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