A light-hearted exchange between two of crypto's best-known figures has linked actress Sydney Sweeney to $XRP, at least as a joke. Ripple (@Ripple) CTO Emeritus David Schwartz (@JoelKatz) rec
A light-hearted exchange between two of crypto's best-known figures has linked actress Sydney Sweeney to $XRP, at least as a joke.
Ripple (@Ripple) CTO Emeritus David Schwartz (@JoelKatz) recently shared a selfie beside a Novig billboard featuring the actress Sydney Sweeney (@sydney_sweeney) in Times Square. Cardano (@Cardano) $ADA founder Charles Hoskinson (@IOHK_Charles) responded with a quip about Sweeney owning XRP.
"I knew she had XRP," Hoskinson replied.
There is no indication that Sweeney holds XRP, and the comment was a joke rather than a claim. Her known financial link to the billboard is with Novig itself. Novig is an app that facilitates sports trading, and Sweeney holds equity in it.The campaign carries the tagline "Just Sports."
Schwartz then posted another selfie, this time near billboards promoting Evernorth's Nasdaq listing. The XRP treasury company began trading as XRPN on October 12.
Evernorth's debut had been delayed. The original October 8 launch was pushed back by an administrative issue.The company completed a business combination with Armada Acquisition Corp. II, a special purpose acquisition company sponsored by Arrington XRP Capital Fund, LP.
On the numbers, Evernorth said it held approximately 473 million XRP at closing and had raised approximately $300 million in gross cash proceeds, before transaction expenses.Its investors include Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken and GSR.
The listing gives investors a way to gain exposure to XRP without holding the token. Investors can buy the stock through a brokerage account without buying or storing cryptocurrency, and they own shares in Evernorth rather than XRP itself.
Analysts have cautioned against assuming the listing will lift the token's price. The debut does not require major new token purchases, as much of Evernorth's XRP was contributed before trading began.Yahoo Finance reported that 80% of SPAC investors cashed out before the merger closed, and that the XRP holding was worth roughly 40% less than at signing.
For now, the exchange between Schwartz and Hoskinson shows how the XRP community is treating the Nasdaq debut: with humor, and with a fair amount of billboard spotting in New York.
Sources
