Evernorth Debuts on Nasdaq With 473M XRP Can It Help Push XRP Higher?

Evernorth completes its merger ahead of its Nasdaq debut as XRPN, holding 473 million XRP and $300 million in gross proceeds. Can its treasury strategy support XRP demand? Evernorth Holdings has completed its merger with Armada Acquisition Corp. II, securing approximately 473 million XRP and $300 million in gross proceeds ahead of its Nasdaq debut under the ticker XRPN on October 12. Announced on October 9, the transaction positions Evernorth among the largest publicly traded XRP treasury companies. Backers include Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken, and GSR.