Skip to content 
Key Takeaways
- Ripple-linked Evernorth is down $220M on its XRP holdings.
- Evernorth invested roughly $947 million to acquire about 389 million XRP.
Share this article
Evernorth Holdings, an XRP treasury entity backed by Ripple executives, is sitting on paper losses of more than $220 million following the coin’s recent downturn.
According to data tracked by CryptoQuant, Evernorth’s XRP position totals approximately 389 million tokens, purchased for about $947 million.
Based on the current XRP price of $1.86, the value of that stake has declined to $724 million, resulting in a sizable unrealized deficit for the firm.
XRP, Ripple’s native crypto asset, has dropped around 16% over the past 30 days amid a market-wide correction that pushed Bitcoin below $88,000.
Prices have weakened even as US-listed XRP ETFs have posted consistent inflows since their debut, collectively taking in over $1 billion, per SoSoValue.
Source link
#Ripplebacked #Evernorth #faces #220M #drawdown #XRP #struggles
top altcoins, Ethereum alternatives, new cryptocurrencies
crypto trading bots, automated trading strategies, AI in cryptocurrency
Bitcoin mining, Ethereum mining, best crypto mining hardware
Bitcoin news, cryptocurrency latest news, blockchain updates
best crypto wallets, secure Bitcoin wallets, multi-currency wallets reviews
blockchain technology, fintech innovations, decentralized finance (DeFi)
crypto market analysis, Bitcoin price prediction, Ethereum forecast
cryptocurrency predictions, Bitcoin price forecast, crypto trends 2024, crypto trends 2025
live Bitcoin prices, crypto price updates, Ethereum price report
how to trade cryptocurrency, crypto trading strategies, beginner crypto trading
Welcome to “Cryptocurrency Trading,” your comprehensive destination for the latest news and analysis in the world of **cryptocurrencies** and **currency trading**. We provide rich content focused on **market analysis**, **trading strategies**, and **emerging technologies** that impact the **cryptocurrency market**. Join us to discover the **best investment opportunities** in **Bitcoin**, **Ethereum**, and other leading cryptocurrencies. Our goal is to equip you with the information you need to enhance your trading skills and achieve success in the world of **investment**. Follow us for continuously updated content that supports you in making informed decisions.
