🚨 Ripple-Linked Evernorth Takes a $220M Hit on XRP Holdings 🚨
Evernorth, the Ripple-backed investment vehicle, invested $947M 💰 to acquire 389M XRP 💎.
📉 With the recent dip in XRP prices, their holdings are now worth around $724M 💸, meaning an unrealized loss of $220M ⚠️.
📝 That’s a paper loss — no actual selling has occurred, just the market doing its thing.
💹 Despite the drop, XRP ETFs are still seeing strong inflows 📈, showing ongoing institutional interest.
⚡ Even big players like Evernorth feel crypto volatility — but the long-term XRP bet isn’t over 🚀.
