$XRP Evernorth suddenly postpones listing 4.73 million XRP still haven't made it to Nasdaq Let everyone wait a few more days Damn Evernorth really knows how to build suspense this time Originally planned to list on Nasdaq today, ticker XRPN But suddenly pushed it back Latest estimate is that trading won't begin until October 12 The company's reason is just four words Administrative delay Sounds pretty scary But at least for now, the deal hasn't fallen through Evernorth said The merger with Armada Acquisition Corp. II is expected to be completed on October 9 Only after that will XRPN officially begin trading on Nasdaq SEC filings also confirmed this timeline change Why is this company's listing attracting so much attention? Mainly because of what the company holds After the merger is completed Evernorth is expected to hold approximately 473 million XRP and receive approximately $300 million in cash The goal is to build a large publicly listed XRP treasury This play Put simply It wants to do with XRP what Strategy does with BTC Except Strategy bought BTC back then and its stock followed BTC while Evernorth wants to put XRP on a listed company's balance sheet and then have traditional capital market funds buy its stock So, guys The October 12 debut is actually pretty exciting If XRPN gets aggressively bought up as soon as it lists and XRP rides the wave too Damn That would mean this logic works A lot of people will probably follow suit then This model may really start being replicated But if it goes bang on the listing day and crashes all the way down then that would mean the capital market isn't as interested in the XRP treasury company narrative as imagined Do you think XRPN will surge on its listing day or give the XRP treasury players a lesson first? ‍#GateMoney正式上线

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‍#evernorth推迟纳斯达克上市至10月12日 【Old Leek Watch】 Evernorth’s Nasdaq listing has suddenly been pushed back by 4 days. Trading was originally scheduled to begin on October 8. It has now been changed to October 12, under the ticker $XRPN. The company cited administrative process delays as the reason and currently expects no impact on the completion of the transaction. What is truly worth watching is what the company will hold after listing: approximately 473 million $XRP . At XRP’s current price, this stash of XRP is worth approximately $670 million. Moreover, Evernorth is not simply holding XRP idle. The company plans to increase the amount of XRP corresponding to each share through XRP yield strategies, DeFi, and ecosystem investments. So what will really be interesting on October 12 is: what valuation will the market assign to this “XRP treasury company”? This could become a new capital-pricing window for XRP going forward. $ETH $BNB$BTC $ETH $XRP