Evernorth’s XRP Treasury Faces $200M Paper Loss

[cryptoenthusiast]

Evernorth XRP Holdings Performance. Source: CryptoQuant

Evernorth, the largest institutional holder of XRP, is currently sitting on more than $200 million in unrealized losses. The firm made headlines in late 2025 after announcing plans to build the largest public XRP treasury, raising capital and aggressively accumulating tokens.

On Nov. 4 alone, Evernorth bought over 84 million XRP at an average price of $2.54. Since then, XRP has fallen sharply, exposing how volatile large-scale institutional crypto positions can be during broader market weakness.

[bcd8b07f7c]

Buying 84M XRP in one day and watching it drop hurts even from the sidelines