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Evernorth's XRPN shares began trading Monday after its SPAC merger closed, but 80% of SPAC investors cashed out first.
Evernorth completes its merger with 473 million XRP and $300 million in gross cash proceeds ahead of its expected Oct. 12 Nasdaq debut.
Ripple (XRP) price dropped by 1.01% to $1.39, underperforming a slightly positive broader market, primarily driven by a sell-off in leveraged derivat