Evernorth Holdings, a company supported by Ripple executives, is reportedly facing large unrealized losses due to the recent drop in XRP value.
According to on-chain analytics, Evernorth currently holds around 389 million XRP, originally purchased for nearly $947 million.
With XRP’s present market price near $1.86, the value of these holdings is now estimated at roughly $724 million, reflecting an unrealized loss of more than $220 million.
Although these losses are not realized unless sold, the situation highlights the increased financial pressure on major corporate XRP holders as market conditions remain volatile.
