Evernorth, an XRP treasury entity backed by Ripple executives, holds unrealized losses exceeding $220 million.

Techub News reported, according to Cryptobriefing, that Evernorth Holdings, an XRP treasury entity backed by Ripple executives, currently holds approximately 389 million XRP, with a purchase cost of around $947 million. Based on XRP's current price of about $1.86 USDT, its position's market value is approximately $724 million, resulting in an unrealized loss exceeding $220 million. XRP has fallen about 16% in the past 30 days, dragging down its treasury's book performance amid the overall market correction.