ChainCatcher reports that Evernorth Holdings, an XRP vault entity backed by Ripple executives, is facing over $220 million in paper losses.
According to data tracked by CryptoQuant, Evernorth holds approximately 389 million XRP, acquired at a cost of around $947 million. At the current XRP price of $1.86, its position value is about $724 million, resulting in significant unrealized losses for the company.
