December 25, 2025

Ripple-backed Evernorth faces $220M drawdown as XRP struggles

Key TakeawaysRipple-linked Evernorth is down $220M on its XRP holdings. Evernorth invested roughly $947 million to acquire about 389 million XRP. Evernorth Holdings, an XRP treasury entity backed by Ripple executives, is sitting on paper losses of more …

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