Evernorth's $214M XRP Reserve Sits 46% Underwater After Nasdaq Debut
- —XRPN closed its first Nasdaq session at $16.91
- —Shares sit 68% below the $53 high from Oct. 2
- —Evernorth's 473M XRP reserve is worth $214M, down 46%
- —The reserve was handed to a professional trading desk
Why it matters: The loss on the largest corporate XRP reserve will test whether public companies keep altcoins on their balance sheets.
Source: Coinotag