Ripple-backed Evernorth's holdings of XRP face a paper loss of approximately $220 million.

According to Odaily Planet Daily, Evernorth, the Ripple-backed XRP treasury entity, has purchased approximately 389 million XRP, investing about $947 million. Based on the current XRP price of $1.86, its holdings are worth approximately $724 million, resulting in an unrealized loss of about $220 million. The price of XRP has fallen by about 16% in the past 30 days, despite continuous net inflows into US-listed XRP ETFs since their launch, absorbing over $1 billion in total. (Crypto Briefing)