🔴 Evernorth is trading 10.7% down today as XRP weakness weighs on its treasury value

Evernorth is trading at $14.69, down 10.65%, as XRP weakness weighs on investor assessments of its XRP-heavy treasury.

• The company holds 473 million XRP.
• Substantial redemptions in its SPAC transaction are also cited as an overhang.
• Reported explanations point to pressure on underlying holdings, rather than a new company announcement on October 14. No trading-volume figure was provided.