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Evernorth’s XRP Holdings Show $490 Million Paper Loss, CryptoQuant Analyst Says

According to CryptoQuant (crypto market data platform) analyst Maartunn, Evernorth’s 473.28 million XRP position fell below its estimated acquisition cost within about two weeks.

XRP

Summary

Evernorth is now showing about $490 million in unrealized losses on its XRP holdings, according to CryptoQuant analyst Maartunn. The analyst said Evernorth holds 473.28 million XRP acquired for roughly $1.162 billion, implying a realized price of $2.45 per token. Based on that cost basis, the position turned unprofitable after about two weeks. A paper loss means the asset has declined below the purchase price on paper, but the loss is not realized unless the holder sells the tokens.

Terms & Concepts
  • XRP: A digital asset associated with the XRP Ledger (blockchain-based payment network), often used in discussions around cross-border transfers and crypto market trading.
  • Paper loss: An unrealized decline in an asset’s value based on current market prices. It becomes a realized loss only if the holder sells at a lower price.
  • Realized price: The average acquisition cost of a holding, used to compare current market value against the price paid for the asset.