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Evernorth's XRP treasury debut hits Nasdaq with shares 46% below purchase price amid market dips.

Market News
13 Oct 2026
Bitcoin
View Source
Bearish
Evernorth's XRP treasury debut hits Nasdaq with shares 46% below purchase price amid market dips.

Evernorth began trading on Nasdaq with a 473 million XRP treasury managed by new CIO Hugo Jeandesboz, focusing on lending and liquidity strategies. Despite this, the XRPN stock closed about 68% below its early October peak, and the XRP tokens bought at $2.54 each are now valued at $1.37, marking a 46% loss. Market factors including share redemptions, dilution concerns, and a crypto market downturn contributed to the drop. Evernorth aims to grow value through active management rather than relying solely on XRP price increases.

XRP's market cap on Pluang stands at Rp1.551,97 trillion as of Oct 13, 2026, 15:41 WIB, with a 24-hour trading volume of Rp45,28 trillion. The token's price is Rp24.658, down 1.93% in the last day, while Pluang users show a slight buying preference with 56% buy orders versus 44% sell. Typical holding time on Pluang is 72 days, indicating moderate-term investor interest amid ongoing market fluctuations.

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