Ripple-backed Evernorth is facing approximately $220 million in unrealized losses.

Evernorth, the XRP treasury entity, has purchased approximately 389 million XRP, investing about $947 million. Based on the current XRP price of $1.86, its holdings are worth approximately $724 million, resulting in an unrealized loss of about $220 million. The price of XRP has fallen by approximately 16% over the past 30 days.