XRP treasury company Evernorth faces over $220 million in paper losses due to XRP price decline
According to TechFlow, on December 25, Crypto Briefing reported that Evernorth Holdings, an XRP treasury company backed by Ripple executives, is facing a paper loss of over $220 million due to the recent decline in XRP prices.
According to CryptoQuant data, Evernorth holds approximately 389 million XRP tokens, with a purchase cost of about $947 million. Based on XRP's current price of $1.86, the value of its holdings has dropped to $724 million, resulting in a significant unrealized loss for the company.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
GBP/JPY Price Forecast: Momentum stabilizes, but lacks bullish conviction
Methanex Issues Partial Redemption Notice for $300 Million of 2027 Senior Notes
Top Premarket Decliners
Standard Uranium extends private placement closing deadline to Oct. 18 after TSXV approval
Crypto prices
More
