PANews reported on December 25th that, according to Crypto Briefing, Evernorth, an XRP treasury entity backed by Ripple executives, has purchased approximately PANews reported on December 25th that, according to Crypto Briefing, Evernorth, an XRP treasury entity backed by Ripple executives, has purchased approximately
Ripple-backed Evernorth is facing approximately $220 million in unrealized losses.
PANews reported on December 25th that, according to Crypto Briefing, Evernorth, an XRP treasury entity backed by Ripple executives, has purchased approximately 389 million XRP tokens, investing about $947 million. Based on the current XRP price of $1.86, its holdings are worth approximately $724 million, resulting in an unrealized loss of about $220 million. The price of XRP has fallen by about 16% in the past 30 days, despite continuous net inflows into US-listed XRP ETFs since their launch, absorbing over $1 billion in total.
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