According to CoinMeta, the stock price of Evernorth Holdings supported by Ripple has plummeted by over 40%, as major investors such as Ripple Labs are considering selling millions of shares. Evernorth submitted a prospectus to the U.S. Securities and Exchange Commission (SEC) earlier this week, registering 73,688,162 Class A shares for potential resale by existing shareholders. Evernorth went public on NASDAQ on October 12th, and on November 10th, its stock price fell by 23.54%, closing at $7.96, a significant drop from the previous trading day's price of $10.41. To date, the stock price of Evernorth has fallen by about 48% since its closing price of $15.26 on October 28th.