Evernorth's XRP Treasury Bet Slumps After Resale Filing
Ripple-backed Evernorth has lost nearly 47% since its October Nasdaq listing as a filing identifies 73.7 million shares available for resale.
Ripple-backed Evernorth has lost nearly 47% since its October Nasdaq listing as a filing identifies 73.7 million shares available for resale. XRP (XRP) is trading at ₹113 ($1.20), up 0.8% since this brief published. This is an original Token Times brief based on reporting by BeInCrypto, with live market data added, as of Fri, 06 Nov 2026 09:45:01 UTC.
Evernorth is one of the largest corporate treasury positions tied to XRP, so the share overhang and its market decline may affect confidence in the strategy. The filing also introduces a potential source of selling pressure while XRP is already under pressure.
- Evernorth has fallen nearly 47% since its October Nasdaq listing.
- A filing identifies 73.7 million shares that holders could resell.
- XRP trades at $1.19, down 9.77% over 24 hours.
- Total crypto market capitalization stands at $2.61 trillion.
- Evernorth’s 73.7 million-share resale filing clouds post-Nasdaq debut
- Evernorth's XRP Treasury Bet Slumps After Resale Filing — this brief
Evernorth, the Ripple-backed company pursuing an 
XRP treasury strategy, has declined nearly 47% since listing on Nasdaq in October, according to BeInCrypto. The company’s shares are part of a substantial corporate allocation to XRP, although the report did not specify the size of that allocation or the exact level of the recent decline.
A new regulatory filing lists 73.7 million Evernorth shares that existing holders could resell. BeInCrypto described this potential supply as an overhang capable of testing investor confidence in one of the market’s largest corporate bets on XRP. The available figures come from one outlet, and no additional filing details were provided in the supplied coverage.
The setback has occurred alongside weakness across the wider crypto market. XRP is trading at $1.19, down 9.77% over 24 hours and 6.37% over seven days, with a market capitalization of $75.3 billion. 
Bitcoin has fallen 6.00% over the same 24-hour period, while the total crypto market capitalization is $2.61 trillion.
Market sentiment is cautious, with the Fear & Greed Index at 28, placing it in the “Fear” band. The combination of a sharply lower Evernorth share price, a disclosed resale pool and broad crypto losses leaves two developments worth monitoring: whether holders sell shares covered by the filing and whether Evernorth and XRP can stabilize as risk appetite remains subdued.
Since this brief published about 9 hours ago, XRP (XRP) has moved from ₹112.50$1.19 to ₹113.44$1.20 — +0.84%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₹124.8 (about $1.20), down 9.2% over 24 hours. The rupee itself trades about 10.0% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Evernorth's XRP Treasury Bet Slumps After Resale Filing — questions & answers
How much has Evernorth fallen since its Nasdaq listing?
Evernorth has lost nearly 47% since its October Nasdaq listing, according to BeInCrypto.
How many Evernorth shares are covered by the resale filing?
The filing lists 73.7 million shares that holders could resell.
How is XRP performing amid the broader crypto downturn?
XRP is down 9.77% over 24 hours and 6.37% over seven days, trading at $1.19.
How much is 1 XRP worth in rupee today?
About ₹124.8 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $1.20. The rupee price moves with both XRP's US-dollar price and the USDT/INR rate; use our XRP in rupee page for any amount.
Has XRP's price moved since this brief was published?
XRP is up 0.84% since this brief first published — trading at ₹113 ($1.20) now versus ₹112 ($1.19) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from BeInCrypto. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.