News
Significance:
6/10

Ripple-linked Evernorth to go public in $1B SPAC to build massive XRP treasury

https://cointelegraph.com/news/evernorth-ripple-spac-xrp-treasury-deal

Sam Bourgi

Mentions

Regions

Code
Name
US
🇺🇸United States
JP
🇯🇵Japan

Sentiments

Target
Sentiment
Comment
Bullish
The article highlights institutional interest and a $1B SPAC merger aimed at building a massive XRP treasury.
Bullish
Ripple is backing the SPAC merger and plans to raise $1B through XRP sales, signaling strong institutional support.
Bearish
CEO Deng Chao expresses skepticism about digital-asset treasury strategies from traditional finance.