Nasdaq's XRP Treasury Crashed Nearly 50% In a Month
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Evernorth, the Ripple-backed XRP treasury company, has fallen nearly 47% since its October Nasdaq listing, with a new filing covering 73.7 million resaleable shares threatening further selling pressure. The decline underscores the risk facing digital-asset treasury vehicles whose valuations track token holdings. Traders will watch whether the newly registered shares are absorbed without a deeper drawdown and whether Evernorth's XRP position continues to anchor its market value.
Muhabbit's AI wrote this summary in its own words from BeInCrypto's report. It can get details wrong, so check the source.
Named in this story
Evernorth, XRP (XRP), Nasdaq, Ripple (XRP)
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