Evernorth Holds XRP Amidst $79 Million in Unrealized Losses, Pressuring Crypto Financial Firms

According to a post on the cryptocurrency analysis platform CryptoQuant on the 7th, Evernorth, which holds XRP as a corporate asset, has incurred $79 million (approximately 12.1 billion yen) in unrealized losses just about two and a half weeks after starting its purchase. The company bought 387.7 million XRP for about $947 million since November, but the current valuation has dropped to about $868 million. XRP fell to $2.16 on November 7, a drop of about 40% from its all-time high, and is currently trading at $2.33. Related: Evernorth, invested in by Ripple and SBI, holds $1 billion worth of XRP according to on-chain data...