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Crypto

Will XRP reach $2? How Evernos Nasdaq listing could affect price

EvernOS will begin trading on Nasdaq on Oct. 8 under the ticker XRPN. U.Today reported that the firm is positioning itself not as a passive ETF but as a treasury vehicle that directly manages assets in the Ripple and XRP Ledger ecosystem. Evernos holds 473 million XRP and plans to deploy it in XRP Ledger DeFi protocols and arbitrage. Analysts say this could reduce circulating supply and support a move toward $2 if demand holds.

Crypto

Ripple-backed Evernos faces Sept 30 merger vote, opening path to Nasdaq listing

Evrnos Holdings is nearing the launch of what it calls the first listed company to put an XRP treasury strategy at the forefront. If shareholders approve a merger with Armada Acquisition Corp II in a vote scheduled for Sept. 30, the company is expected to complete the Nasdaq listing process. Evernos expects to hold at least 473 million XRP at listing and trade under the symbol XRPN.