Markets
Ripple-Backed Evernorth Hits Nasdaq Holding 473 Million XRP Worth Far Less Than It Paid
Decrypt·October 12, 2026·1 min read
Evernorth's XRPN shares began trading Monday on Nasdaq after its SPAC merger closed, but 80% of SPAC investors cashed out first. The company holds 473 million XRP, now worth roughly 40% less than at signing. Ripple-backed Evernorth faces a significant loss on its crypto stash.
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