Evernorth, an XRP treasury entity backed by Ripple leaders, purchased approximately 389 million XRP for a total Capital of around $947 million, and currently records an unrealized loss of approximately $220 million.
The losses occurred amidst a 16% drop in XRP price over the past 30 days, even though XRP ETFs listed in the US have maintained net inflows since their launch.
- Evernorth purchased approximately 389 million XRP, spending about $947 million USD.
- With XRP price at $1.86, the value of holdings is now approximately $724 million, resulting in a loss of around $220 million.
- XRP has fallen approximately 16% in 30 days, while XRP ETFs in the US have seen net inflows of over $1 billion.
Evernorth bought a large amount of XRP but is currently losing money at the current price.
Evernorth purchased approximately 389 million XRP , representing a total investment of around $947 million; at an XRP price of $1.86, the holdings are valued at approximately $724 million, resulting in an unrealized loss of around $220 million.
Data shows that the difference between the Capital invested and the valuation at current market prices resulted in a significant loss. The purchase of 389 million XRP makes Evernorth one of the largest XRP treasury entities, and short-term price fluctuations directly impact portfolio valuation.
XRP price has fallen for 30 consecutive days despite continued net inflows from XRP ETFs in the US.
XRP price has fallen by approximately 16% in the last 30 days, even though XRP ETFs listed in the US have recorded continuous net inflows since their launch.
The total net inflow absorbed by XRP ETFs in the US has exceeded $1 billion. This development indicates that demand through the ETF channel is still present, but not enough to prevent the price decline over the 30-day timeframe, leaving recent large long positions at short-term valuation risk.
