XRP treasury company Evernorth faces over $220 million in paper losses due to XRP price decline
According to TechFlow, on December 25, Crypto Briefing reported that Evernorth Holdings, an XRP treasury company backed by Ripple executives, is facing a paper loss of over $220 million due to the recent decline in XRP prices.
According to CryptoQuant data, Evernorth holds approximately 389 million XRP tokens, with a purchase cost of about $947 million. Based on XRP's current price of $1.86, the value of its holdings has dropped to $724 million, resulting in a significant unrealized loss for the company.
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