Crypto Drama: Evernorth Almost Hits $1B XRP Goal Before Public Debut!

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Ripple’s sidekick Evernorth inches toward Nasdaq after collecting a jaw-dropping 388.7M XRP, now worth over $1 billion. Sounds like a blockbuster IPO, doesn’t it?

 

Evernorth Holdings, the Ripple-backed digital asset powerhouse, is about to make waves on the Nasdaq, setting up a public XRP treasury vehicle with a cool $1 billion in XRP. That’s right, they’re sitting pretty with 388.7 million XRP tokens, just waiting to strut down the Nasdaq runway under the ticker symbol XRPN. Talk about making an entrance!

95% of XRP Target Hit-Just Missing the Mark by a Token or Two

According to CryptoQuant’s high-tech number crunching,

Evernorth currently flaunts 388.7 million XRP, each priced at a charming $2.60+. This little treasure chest has exceeded $1 billion. Not bad for a company that only launched on October 20-talk about getting the job done quickly!

Evernorth Holdings Now Holds 388,710,606.03 XRP, Reaching 95% of its Target

“Their average purchase price sits around $2.44, which could mark a key level for Ripple’s future price action.” – By

– CryptoQuant.com (@cryptoquant_com)

And it gets better: XRP’s price took a lovely 8.6% leap after Evernorth’s grand announcement, making a tidy $13 billion leap in market cap. That’s one way to make an entrance!

Nasdaq Debut Under Ticker XRPN-Who Needs the Golden Ticket?

Evernorth is gearing up to launch its publicly traded XRP treasury vehicle with a bang-ticker symbol XRPN. Why just sit on a pile of XRP when you can parade it around Nasdaq like the trophy it is?

As the merger with Armada Acquisition Corp II inches forward, CEO Asheesh Birla, former Ripple maestro, is ready to lead Evernorth into the big leagues. Time to drop the Ripple mic, Asheesh.

As CEO and Chair of the Board of Directors of Evernorth, I’m incredibly excited to get started. With this new role, I’ll be stepping down from Ripple’s Board of Directors.

Huge thank you to our investors, partners, and the team who made this vision a reality. Keep an eye out for…

– Asheesh Birla | CEO at Evernorth (@ashgoblue)

So, what’s the grand plan? To offer institutional investors a shiny, transparent structure to wade into XRP’s waters. Now that XRP’s legal status in the U.S. has been cleared up (no more regulatory drama), Evernorth’s ready to bridge the gap between XRP and the public market. It’s like finding the perfect match on a dating app, but for investors.

Big Guns Backing Evernorth-This Is Not Your Average Startup

Not exactly a small-time operation, Evernorth is rolling in funds from Ripple, SBI Group, Rippleworks, Arrington Capital, Pantera Capital, and Kraken. These firms are all-in, with long-term faith in XRP’s future in the crypto world. Looks like a solid group chat to be in!

Through a blend of mergers and private placements, Evernorth is aiming to raise $1 billion-most of which they’ve already hit thanks to XRP and investor love. Who knew crypto could be this glamorous?

XRP ETF Hopes May Face a Delay-But Who’s Counting?

Of course, the Evernorth news comes as U.S. interest in XRP ETFs is growing faster than a cat video going viral. But, as always, the SEC is dragging its feet. On the very same day that Hedera and Litecoin ETFs strutted onto Nasdaq, XRP ETFs are still in regulatory limbo. Typical, eh?

Not to worry! Evernorth is perfectly happy to provide XRP exposure through its treasury vehicle as a ‘temporary’ alternative to a full-blown ETF. Who needs one when you’ve got a cool, public treasury on the horizon?

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2025-10-28 21:09