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As Evernorth Holdings Inc. (Nasdaq: XR P N) reached its one-year anniversary of the initial deal structure and announcement that set the entire Wall Street XRP treasury plan into motion on October 19, 2026, XRP has wiped out more than $61 billion during the same period.

Announcement comes within one week of Evernorth's debut as a Nasdaq-listed company Institutional strategies with partners to begin in the fourth quarter of 2026 The partnerships mark the start of a phased approach to make the company's XRP treasury productive, led by newly appointed CIO Hugo Jeandesboz SAN FRANCISCO, Oct. 14, 2026 (GLOBE NEWSWIRE) -- Evernorth Holdings Inc. (Nasdaq: XRPN), a digital asset treasury…

Evernorth shareholders watched hundreds of millions in XRP value evaporate before a single share ever changed hands on Nasdaq. Now that the stock is trading, the price buyers are willing to pay reveals something surprising about what this treasury is actually worth.

XRP traders are piling into long positions at a historic rate while the biggest holders quietly pull their coins off exchanges, creating a standoff that one senior analyst warns could snap violently in one direction before any sustained rally begins.

Armada Acquisition Corp. II (NASDAQ: XRPN - Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 342,627 shares, an increase of 400.0% from the September 15th total of 68,519 shares. Approximately 1.1% of the company's shares are sold