Ripple executive-supported XRP treasury entity Evernorth holds a loss of over $220 million

The XRP treasury entity Evernorth Holdings, supported by Ripple executives, is facing an unrealized loss of over $220 million.

According to data tracked by CryptoQuant, Evernorth holds approximately 389 million XRP, with an acquisition cost of about $947 million. Based on the current XRP price of $1.86, its holding's market value is approximately $724 million, resulting in a significant unrealized loss for the company.