XRP at $1.40 per Evernorth hour, ether at $2,540 and ETF out – The altcoins point

D-day for XRP. Evernorth, a treasury vehicle backed by Ripple, is due to debut this Monday on Nasdaq with 473 million XRP in cash, at the opening of Wall Street (3:30 p.m. in Paris).

XRP is trading at $1.40, as on Saturday evening. Ether is climbing towards $2,540 (+1.25% over 24 hours), against $2,614 in one of our latest altcoin hotspots, but its worst week in ETFs since January is still weighing on the market.

XRP at $1.40: Evernorth enters Nasdaq with 473 million XRP

Evernorth completed its merger with Armada Acquisition Corp on Friday. II, a listed company created to buy a company (SPAC), according to CryptoPotato. The merger and private placements raised more than $1 billion, with Ripple, SBI Group, Kraken and Pantera Capital among the investors. The ticker will be XRPN.

At $1.40, the 473 million XRP held are worth approximately $662 million, plus some $300 million in cash before fees. The debut, scheduled for October 8, slipped to the 12th due to an administrative delay.

XRP also had a worrying week. The XRP ledger has fixed a decade-old bug that could have created billions of XRP out of thin air. Security startup Veria Labs found it, and RippleX fixed it on September 25 without waiting for a vote from validators.

Ether and Solana: ETFs empty your pockets

According to The Block, which cites SoSoValue, American ether ETFs lost $542.1 million in the week ended Friday, their worst record since January. The outflows have been coming one after the other for nine sessions, and BlackRock's ETHA accounts for $477 million (88%).

Solana ETFs fell by $24.8 million: little in value, but a record since their launch, which ends fourteen weeks of inflows. Solana goes back towards 111 dollars (+1.1%).

On the supply side, two wallets linked to the Ethereum Foundation sent 4,393 ETH (around $11.1 million) to Kraken on Sunday evening, according to tracking by analyst EmberCN. Both addresses received 59,751 ETH ten years ago. BitMine accumulates: 5.85 million ETH for $14.27 billion, at approximately 200,000 ETH or 5% of the total supply.

Zcash, Starknet, HYPE: the altcoins that are advancing their pawns

Zcash gains 3.2% over 24 hours, towards $1,266. Zakura, developer of the Zcash full node, is expecting hash-based signatures in January and is rolling out a transparent address rotation tool this week. Starknet (STRK) has jumped nearly 25% in recent days on its quantum computer-resistant network project, targeted for 2027.

Hyperliquid (HYPE) is trading at $86, up about 1%. BNB holds $751 (+0.4%), dogecoin $0.086 and litecoin $64.55.