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Evernorth Holdings faces heavy unrealised losses after XRP price decline.
CryptoQuant data shows Evernorth holds roughly three-hundred eighty-nine million XRP.
Those tokens were acquired for approximately nine-hundred forty-seven million dollars.
Current market pricing places XRP near one point eight six.
Evernorth’s XRP portfolio value has fallen to roughly seven-hundred million.
This represents unrealised losses exceeding two-hundred twenty million dollars currently.
The downturn mirrors broader crypto market weakness affecting many assets.
XRP has declined about sixteen percent over the past month.
Bitcoin has fallen below eighty-eight thousand dollars recently amid volatility.
Precious metals and traditional equities have outperformed cryptocurrencies this year.
Evernorth follows an aggressive digital treasury strategy centred on XRP.
Similar pressure faces other treasury firms including BitMine holding Ethereum.
Analysts say heavy accumulation strategies increase exposure during prolonged downturns.