Evernorth XRP Treasury Names Ex-Coinbase as CIO, Why Is XRPN Stock Falling?

HIGHLIGHTS Ripple-backed XRP treasury Evernorth named Hugo Jeandesboz as Chief Investment Officer. Jeandesboz joined from Coinbase Asset Management and will manage XRP treasury strategy. XRPN stock plunges signals selling pressure amid Evernorth XRP Treasury’s NASDAQ debut today. Evernorth Holdings, Ripple-backed XRP treasury, has appointed Hugo Jeandesboz as Chief Investment Officer. The announcement came Monday as the firm positions to debut on Nasdaq under the XRPN stock ticker. Jeandesboz joins from Coinbase Asset Management, where he served as Co-Chief Investment Officer and led the firm’s Solutions investment strategies for institutional clients.