XRP Price Slump Leaves Evernorth Facing Over $200 Million in Unrealized Losses
Evernorth, the largest institutional XRP holder, is currently facing over $200 million in unrealized losses due to the recent slump in XRP's price.Summary
Evernorth, which aims to be the largest public XRP treasury company, is experiencing significant financial impact from the recent downturn in the cryptocurrency market. The Nevada-based firm acquired 84.36 million XRP in November 2025 at an average price of $2.54, bringing its total holdings to over 473.27 million tokens, based on its conviction in XRP. However, due to XRP's price weakness—falling roughly 25% since the initial treasury announcement and trading below early-year levels—Evernorth's position now shows unrealized losses exceeding $200 million, according to CryptoQuant data. This situation mirrors broader market weakness, where nearly half of XRP's circulating supply is held at a loss, potentially ending its two-year streak of positive annual returns. Other institutional holders, like BitMine with Ethereum and Metaplanet with Bitcoin, are also facing substantial unrealized losses.
(Source：BeInCrypto)