Ripple-backed Evernorth falls 40% as insiders move to sell 73.7 million shares
AI summary
Evernorth, a Ripple-backed company, saw its shares plunge roughly 40% (nearly 48% from the Oct. 28 close) after an SEC filing revealed insiders, including Ripple Labs, moving to sell 73.7 million shares. The disclosure of large insider selling signals waning confidence among major backers. Traders watching XRP should note the negative read-through for sentiment around Ripple-linked ventures.
Narrative history
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7H AGOYou’re reading thisRipple-backed Evernorth falls 40% as insiders move to sell 73.7 million sharesU.Today · Score 55
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18H AGOThe Defiant · Score 45 · via 73.7, 73.7 million-share
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18H AGOBitcoin.com News · Score 45 · via Ripple-Backed Evernorth, Ripple-Backed Ripple-Backed
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6 NOV · 01:00BeInCrypto · Score 55 · via 73.7, 73.7 million
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5 NOV · 08:30CryptoSlate · Score 55 · via 73.7, 73.7 million
