Evernorth, an XRP treasury entity backed by Ripple executives, purchased approximately 389 million XRP for a total capital of about 947 million USD, currently recording an unrealized loss of about 220 million USD.
The loss occurred in the context of XRP's price dropping by about 16% over the past 30 days, even though the XRP ETFs listed in the US have maintained a net inflow since their launch.
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Evernorth purchased approximately 389 million XRP, spending about 947 million USD.
The price of XRP is 1.86 USD, making the holding value around 724 million USD, a loss of ~220 million USD.
XRP fell ~16% in 30 days, while the ETF XRP in the US attracted a net inflow of over 1 billion USD.
Evernorth bought a large amount of XRP but is currently at a loss based on the current price.
Evernorth has purchased about 389 million XRP with a total investment of approximately 947 million USD; at the price of XRP 1.86 USD, the amount held is valued at approximately 724 million USD, corresponding to an unrealized loss of about 220 million USD.
Data shows that the difference between the capital invested and the valuation based on the current market price creates a significant loss. The purchase scale of 389 million XRP makes Evernorth one of the largest XRP treasury entities, and short-term price fluctuations directly impact portfolio valuation.
The price of XRP decreased in 30 days even though the ETF XRP in the US still attracted a net inflow.
The price of XRP has decreased by about 16% in the last 30 days, although the XRP ETFs listed in the US have recorded continuous net inflows since their launch.
The total net cash flow absorbed by the XRP ETFs in the US has exceeded 1 billion USD. This trend indicates that demand through the ETF channel is still present, but not enough to prevent the price decline in the 30-day timeframe, putting recently large buying positions at short-term valuation risk.
Source: https://tintucbitcoin.com/evernorth-duoc-ripple-ho-tro-lo-220-trieu-usd/
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