Evernorth Holdings, backed by Ripple executives and the largest institutional XRP holder, is facing over $200 million in unrealized losses due to XRP’s recent 16-25% price drop amid a broader market correction. Despite XRP’s decline, US-listed XRP ETFs continue to attract significant inflows exceeding $1 billion, highlighting institutional interest amidst volatility. Meanwhile, Bitcoin and Ethereum also encountered institutional-level losses as market weakness persists late in 2025.

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