XRP treasury firm Evernorth Holdings falls to record low
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Evernorth Holdings, the XRP-focused digital asset treasury firm, closed at a record low of $11.70 yesterday, down 44% from its first-day high. The decline marks a sharp reversal for the vehicle tied to XRP, the token of the XRP Ledger. The selloff underscores investor skepticism toward single-token treasury companies as XRP trades well below its prior cycle highs. Watch whether Evernorth's discount to net asset value widens further and whether the firm adjusts its accumulation strategy or discloses fresh XRP purchases.
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Evernorth Holdings, XRP (XRP)
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