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XRP treasury SPAC drops 50% in a day ahead of Evernorth’s Nasdaq debut

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: CryptoSlate
XRP treasury SPAC drops 50% in a day ahead of Evernorth’s Nasdaq debutWorldPing
Image via CryptoSlate.

What happened

Evernorth delayed its Nasdaq debut after shares of the SPAC taking the XRP treasury company public lost half their value.

II, which currently trades under the XRPN ticker, closed Tuesday at $19.20, down 50.3% from $38.

Key facts

  • II, which currently trades under the XRPN ticker, closed Tuesday at $19.20, down 50.3% from $38.
  • Reported by CryptoSlate and published Wed, 07 Oct 2026 15:30:44 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. Bitcoin drops to $84k sees $143 million in liquidations as ETF inflows turn positive

  2. Bitcoin price drops to $82.7K October low as bond sell-off resumes on Iran nerves

  3. XRP treasury SPAC drops 50% in a day ahead of Evernorth’s Nasdaq debut

  4. Bitcoin price has risen 84% since January 2024 while Treasury yields climbed

Sources

The original report was published by CryptoSlate. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at CryptoSlate

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