CryptoQuant: Evernorth XRP Treasury Shows $389M Unrealized Loss After $950M Buy

Evernorth Holdings, founded by former Ripple executive Ashish Birla, is sitting on about $389 million in unrealized losses on its XRP holdings, according to CryptoQuant analyst Maartunn. The firm built its position in autumn 2025 with roughly $950 million invested at an average entry near $2.44 per XRP, while XRP is now trading below $1.50.