According to CryptoQuant, Evernorth faces significant unrealized losses after a large November XRP purchase dropped in value amid ongoing market volatility.
CryptoQuant reported that Evernorth, which purchased 388.7 million XRP for $947 million in November, now holds an unrealized loss of $79 million as the position is valued at $868 million. XRP fell to $2.16 on November 7 before rebounding to $2.33, highlighting continued volatility in the cryptocurrency market.