According to BlockBeats, Evernorth Holdings, an entity supported by Ripple executives, is experiencing a substantial paper loss exceeding $220 million. Data tracked by CryptoQuant reveals that Evernorth holds approximately 389 million XRP, acquired at a cost of around $947 million. With the current XRP price at $1.86, the market value of its holdings is approximately $724 million, resulting in significant unrealized losses.

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