Nasdaq-listed XRP treasury drops nearly 50% in a month
BROBROK News · Based on reporting by BeInCrypto Español ·
Evernorth, backed by Ripple, has fallen almost 47% since its Nasdaq debut in October. A new filing also lists 73.7 million shares that holders may be able to resell, adding to concerns about further selling pressure.
Key points
- Evernorth is down nearly 47% since listing on Nasdaq in October.
- A new filing cites 73.7 million shares that may be resold.
- The disclosure has raised concern about additional supply hitting the market.
- The story is tied to institutional exposure around XRP.
Why it matters
The drop and the filing highlight how market structure can affect sentiment around XRP-linked assets. Crypto investors are watching because added sell pressure could weigh on related tokens and vehicles.
Original headline: “Tesorería de XRP de Nasdaq se desploma casi 50% en un mes”
Read the original on BeInCrypto Español
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.