Evernorth Holdings, a treasury entity $XRP backed by executives at Ripple, is facing book losses exceeding $220 million. According to data tracked by CryptoQuant, Evernorth holds nearly 389 million $XRP , with a purchase cost of around $947 million. At the current price of $XRP , which is $1.86, its market value of the position size is approximately $724 million, leading to significant unrealized losses for the company. (Cryptobriefing)
#EvernorthHoldings
#CryptoQuant
#IbrahimMarketIntelligence