YOLOMAN87
Oct 2, 6:57 PM
$XRPN /
$XRPNW update
This setup keeps getting more interesting.
XRPN:
$44.49 +89.9%
Volume: 8.27M
XRPNW:
$4.15 +43.1%
Volume: 2.73M
The warrants have finally broken through
$4, so they ARE participating — but they’re still refusing to validate anything close to the common’s current price.
At
$44.49 common:
$44.49 -
$11.50 strike =
$32.99 eventual intrinsic value
Yet XRPNW is only ~
$4.15.
That does NOT mean the warrant “should be
$33” today. It still isn’t exercisable, so the arbitrage mechanism is blocked.
What it tells me is simpler:
XRPN is still trading the scarcity.
XRPNW is trading the probability that the scarcity survives.
And look at the volume now.
We still don’t have the official redemption count. That filing may be the most important piece of this entire setup.
$XRPN $XRPNW $XRP
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