Evernorth's Nasdaq Debut with $473M XRP Treasury Ends in Decline
Evernorth Holdings, a Ripple-backed company with a large XRP treasury, saw its stock price drop on its first day of trading despite initial gains.
Evernorth Holdings, a Ripple-backed company with a large XRP treasury, saw its stock price drop on its first day of trading despite initial gains. XRP (XRP) is trading at $1.33, down 1.5% since this brief published. This is an original TLT brief synthesising 2 outlets (BeInCrypto, CryptoNews), plus live market data, as of Tue, 13 Oct 2026 00:30:04 UTC.
This debut represents a significant institutional bet on XRP, with hundreds of millions of tokens now tied to public market performance, potentially impacting XRP's liquidity and price dynamics.
- Evernorth (XRPN) closed at $16.91, down 1.05% from its opening price.
- The company holds 473 million XRP, valued at approximately $639 million at current prices.
- XRP price fell 4.56% in the past 24 hours amid broader market decline.
BeInCrypto and CryptoNews both report that Evernorth Holdings (XRPN) debuted on Nasdaq with a treasury of 473 million XRP, valued at around $639 million at current prices. While BeInCrypto focuses on the stock's price movement, detailing its intraday high of $19.38 and eventual close at $16.91, CryptoNews emphasizes the XRP market context and potential risks associated with the company's large token holdings. Both outlets agree on the stock's negative performance on its first day.
- Evernorth Completes SPAC Merger, Bringing 473M XRP to Nasdaq as XRPN
- Evernorth's Nasdaq Debut with $473M XRP Treasury Ends in Decline — this brief
Evernorth Holdings, a company with significant ties to Ripple and a large 
XRP treasury, made its debut on the Nasdaq stock exchange on Monday. The stock opened with strong gains but quickly faced selling pressure, ultimately closing in negative territory.
According to multiple outlets, Evernorth's stock (XRPN) climbed as high as $19.38 before falling to close at $16.91, representing a 1.05% decline from its opening price. The company holds a substantial XRP treasury of 473 million tokens, which is currently valued at approximately $639 million based on XRP's current price of $1.35.
The debut comes at a time when the broader cryptocurrency market is experiencing a downturn. The total crypto market cap has fallen to $2.84 trillion, with 
Bitcoin down 1.99% in the past 24 hours. XRP itself has seen a 4.56% decline in the same period, trading at $1.35 and marking a 10.36% drop over the past week.
The Fear & Greed Index currently stands at 69, indicating a state of 'Greed' in the market. This suggests that while investors are still optimistic, there is increased volatility and potential for price swings.
The performance of Evernorth's stock and its impact on XRP will be closely watched in the coming days. The company's large XRP holdings could influence market liquidity and price dynamics, especially if it decides to liquidate portions of its treasury.
Since this brief published about 3 hours ago, XRP (XRP) has moved from $1.35 to $1.33 — -1.48%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₦1,817.45 (about $1.33), down 5.5% over 24 hours. The naira itself trades about 2.6% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Evernorth's Nasdaq Debut with $473M XRP Treasury Ends in — questions & answers
How much XRP does Evernorth Holdings own?
Evernorth Holdings owns 473 million XRP, valued at approximately $639 million at current prices.
What was Evernorth's stock performance on its first day?
Evernorth's stock opened at $19.38, fell to $16.39, and closed at $16.91, down 1.05% from its opening price.
How has XRP's price been affected?
XRP's price fell 4.56% in the past 24 hours, currently trading at $1.35.
How much is 1 XRP worth in naira today?
About ₦1,817.45 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.33. The naira price moves with both XRP's US-dollar price and the USDT/NGN rate; use our XRP in naira page for any amount.
Has XRP's price moved since this brief was published?
XRP is down 1.48% since this brief first published — trading at $1.33 now versus $1.35 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from BeInCrypto, CryptoNews, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.