Evernorth XRP Treasury Names Ex-Coinbase as CIO, Why Is XRPN Stock Falling?

Evernorth Holdings, a Ripple-backed XRP treasury, appointed Hugo Jeandesboz as Chief Investment Officer. Jeandesboz joins from Coinbase Asset Management, where he served as Co-Chief Investment Officer. The firm plans to debut on Nasdaq under the XRPN ticker, yet XRPN stock is falling, raising questions about investor sentiment.