Evernorth, a Ripple-backed company holding hundreds of millions of XRP, debuted on the Nasdaq on Monday under the ticker XRPN. Shares initially surged to $19.38 before quickly pulling back to $16.39. The stock ultimately closed at $16.91, down 1.05%, with nearly 1.29 million shares traded. This rocky debut marks a difficult start for Wall Street’s latest bet on the XRP ecosystem.
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