Ripple's XRP Treasury Flops on First Trading Day, Shares Close Negative

Ripple's new digital asset treasury (DAT) Armada Acquisition Corp II (AACI) failed to break its multi-month losing streak in XRP stocks on its first trading day. Despite a glowing press release featuring crypto industry titans, shares flatlined and closed negative for the day. Every other trade for the day was lower, and shares closed near their lows for the day, 2.3% beneath Friday's close. Even a billionaire endorsement couldn't boost the stock price. AACI joins the list of XRP DATs that have declined in value since their XRP acquisition announcements.