Evernorth Dey Build $1B XRP Treasury Before Nasdaq XRPN Debut
Evernorth Holdings don gather $1B XRP treasury by buying 388.7 million XRP tokens, don reach 95% of the target. The company plan to list the XRP treasury fund for Nasdaq with ticker XRPN after dem merge with SPAC Armada Acquisition Corp II. Led by CEO Asheesh Birla, the project dey supported by Ripple, SBI Group, Pantera Capital, Arrington Capital and Kraken. Evernorth go run validators for XRP Ledger and use Ripple’s RLUSD stablecoin as DeFi on-ramp. Since dem launch the institutional adoption tool on October 20, XRP price don climb over 8%, add about $13B to market cap. This digital asset treasury move fit improve market liquidity and clear way for spot XRP ETF, but possible SEC approval delays and other spot ETF launches like HBAR and LTC fit affect the time.
Bullish
Evernorth dem gud $1B XRP treasury accumulation plus di plan wey dem get to list for Nasdaq show say institutional demand strong well well and e go make XRP get better liquidity. Big investors like Ripple, SBI Group and Pantera Capital support plus di launch of institutional adoption tool don already make di price rise by 8% and market-cap increase by $13B. Dem dey run validators for XRP Ledger and dey use RLUSD for DeFi on-ramps join XRP well well for regulated market dem. Even though SEC approval delay and other spot ETFs fit make di price waka up and down small, di overall trend dey support bullish momentum because e dey boost confidence for XRP institutional adoption and possible good ETF results.