Exchanges· ★★★· bullish·

Evernorth Plans to Turn 473 Million XRP Into Yield After Nasdaq Debut

  • —Evernorth trades on Nasdaq under ticker XRPN since October 12
  • —The firm holds about 473 million XRP and targets on-chain and off-chain yield
  • —It raised over $1 billion with backing from Ripple, SBI, Pantera, Kraken and GSR
  • —XRP trades near $1.34, about 63% below its $3.65 record high
Why it matters: A listed company that reinvests yield into more XRP purchases could create steady buy pressure on the token.
#XRP
Source: Watcher Guru
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