Ripple-backed Evernorth has registered up to 73.7 million shares for potential resale, raising concerns about additional selling pressure on its stock. Major investors named in the SEC filing include Ripple Labs, Arrington XRP Capital, SBI Holdings, and a trust linked to Ripple co-founder Chris Larsen. The registration covers nearly three times the company’s outstanding Class […]
Ripple-Backed Evernorth Shares Face Massive Selling Threat
Ripple-backed Evernorth has registered up to 73.7 million shares for potential resale, raising concerns about additional selling pressure on its stock. Major…
Some links on this page are affiliate links. We may earn a commission if you sign up, at no extra cost to you.
AI summary
Related news
Fed and OCC Probe Bank Security After Binance’s $6.3B Hack: Report
The Federal Reserve and Office of the Comptroller of the Currency (OCC) contacted U.S. banks following Binance’s $6.3 billion hack, Reuters reported Nov. 5. Supervisors sought…
Hyperliquid (HYPE) Whales Turn Stan Druckenmiller's Hype Into a $5 Million Exit
Stan Druckenmiller's endorsement of Hyperliquid tech last week granted the crypto whales a perfect opportunity for a $5 million exit out of HYPE token.
Tether CEO Reacts to Massive USDT Demand in Paraguay
Tether CEO Paolo Ardoino has reacted to a reported surge in USDT demand in Paraguay, where a major banking crisis involving Ueno Bank has left millions of customers unable to…