Evernorth drops 24% after 73.7 million-share resale filing leaves lock-ups intact

Evernorth, an XRP treasury company, fell 24% after filing a prospectus covering the potential resale of 73.7 million shares by existing investors. The filing does not lift the six-month lock-ups on key holders, so the overhang of future selling pressure remains. Traders are treating the disclosure as a dilution and supply-risk signal for XRP-linked equity exposure.