Evernorth’s XRP stake sheds $95 million amid market weakness
Crypto Briefing
Evernorth's XRP holdings have lost $95 million in value due to a recent market downturn.Summary
Evernorth Holdings, an entity closely linked to Ripple executives, has experienced an unrealized loss of over $95 million on its significant XRP investment following a swift market correction. CryptoQuant analysis indicates that Evernorth purchased approximately 389 million XRP for about $947 million starting in late October. With XRP trading below $2, the current valuation of these holdings is over $850 million. This decline occurred despite positive news for Ripple, such as a recent $500 million fundraising round.
(Source：Crypto Briefing)