Exchanges· ★★★· neutral·

Analyst: Evernorth Shares Trade at a Premium to XRP Backing, Not a Discount

  • —Love calculates ~6.07 XRP per share versus ~15 on the tracker
  • —The gap comes from the denominator: ~78M economic shares, not 32M
  • —Count includes Class A, nonvoting Class C and exchangeable units held by Ripple and the Larsen Trust
  • —Lending strategy needs 26 of 32 trusted validators; currently 18 support it
Why it matters: The math shows investors are paying above Evernorth's XRP backing, while its lending rollout hinges on validator approval.
#XRP
Source: DailyCoin
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