New XRP treasury company Evernorth is planning an IPO next year, and market experts have suggested that the resulting purchases could lead to an XRP supply shock.
Vincent Van Code, a software engineer and well-known figure in the XRP community, claimed that X: meanwhile We discuss the potential impact of the emergence of Evernorth on the direction of XRP price.
Evernorth’s decision to purchase XRP
For context, Ripple-backed new company Evernorth announced It will happen on October 20th do a merger It has partnered with Armada Acquisition Corp II, a special purpose acquisition company (SPAC) that aims to go public under the ticker “XRPN” and raise $1 billion to create the largest XRP treasury.
“It’s not like we haven’t experienced a supply shock yet.”
middle of Due to concerns, officials in the XRP community are claiming that: of Fundraising activities For procurement XRP in the public market is actually happens This could then lead to the expected bullish impact. As an example, SBI has already announced a $300 million investment in cash rather than XRP.
in him ExplanationVincent Van Code tried to explain how Evernorth’s listing will affect the XRP price. He emphasized that the next step for the new company is to go public through an IPO. The company has already confirmed this and it is set for Q1 2026 for of conclusion of That merger.
According to Van Code, the IPO could raise billions of dollars for the company. he suggests that they will do that lever action this cash For purchase XRP In the open market. By way of background, such an event could put pressure on the existing XRP supply, which many experts believe is already dwindling.
In such a scenario, the most logical market response is a supply shock. “You haven’t experienced a supply shock yet.” Van Cord teased, trying to highlight the possibility of a major acquisition.
He said market commentator Nietsbachs is already working on Evernorth. I believe I am 100% bullish on XRPand the launch of the XRP ETF could cause an unprecedented supply shock in the XRP market. But Van Cord admitted he wasn’t sure about that period.
