Evernorth, the XRP vault entity backed by Ripple executives, has suffered unrealized losses exceeding $220 million on its holdings.
Evernorth Holdings, an XRP treasury entity supported by Ripple executives, is facing an unrealized loss of over $220 million. According to data tracked by CryptoQuant, Evernorth holds approximately 389 million XRP, with a purchase cost of about $947 million. Based on the current XRP price of $1.86, its holdings are valued at approximately $724 million, resulting in a significant unrealized loss for the company. (Cryptobriefing)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum net supply increased by 18,614 in the past 7 days
Ethereum's Past 7-Day Net Supply Change Increases by 18,614 ETH
「Buddy」 Goes Long 40x on BTC, 10x on HYPE, Account Long Position Worth Approximately $23.16M
