🔴 Evernorth is trading 6.1% down in pre-market as XRP weakness weighs on its treasury valuation

Evernorth is trading at $15.47, down 6.13% in pre-market on October 14, as coverage says XRP weakness weighs on assessments of its XRP-heavy treasury.

• Shares closed at $16.48 on October 13; substantial SPAC redemptions have also been cited as an overhang.
• Separately, Ripple, Kraken, Coinbase and BitGo were named partners to deploy and accumulate from Evernorth’s 473 million XRP treasury, with strategies beginning in Q4 2026; the announcement was not reported as the cause of the decline.