In accordance with AMBCrypto, Evernorth's XRP holdings have turned from a $71 million unrealized profit in October to a $225 million loss as of December, due to the token's price decline from $2.60 to $1.80. The firm had acquired 388.7 million XRP tokens between October 22 and December 24, making it the largest publicly traded company focused on XRP accumulation. Despite institutional demand reflected in XRP ETFs surpassing $1.25 billion in total net assets, retail and whale selling pressure has intensified, with capital flow metrics remaining negative. Analysts warn that without institutional buying to push XRP back above $2, further losses are likely.
Evernorth's XRP Holdings Suffer $225M Unrealized Loss Amid Price Drop
AMBCryptoShare
Summary
Evernorth's XRP holdings face a $225M unrealized loss as crypto price drops to $1.80 from $2.60. The firm added 388.7M XRP between October and December, becoming the largest public XRP accumulator. Despite XRP ETFs hitting $1.25B in assets, altcoins to watch like XRP face selling pressure from whales and retail traders. Analysts say institutional support is needed to push the crypto price above $2 and avoid deeper losses.
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