The Plight of Evernorth: XRP’s Unfortunate Roller Coaster 🎢💔

by

Oh, the tragedy of Evernorth, that grand institution, now ensnared in a tapestry woven with over $200 million in unrealized losses.

Ah, this predicament reveals the whimsical nature of cryptocurrency, where fortunes can wane as quickly as one might sip a cup of lukewarm tea. How fickle is the market when it turns its back on those who dare to hold its volatile treasures!

Evernorth’s Diminishing Holdings: A Tale of Missed Fortunes

Once a beacon of hope in the institutional embrace of XRP, Evernorth, that ambitious enterprise nestled in the alluring landscape of Nevada, made quite the stir in late October. With grandiloquent plans to amass a staggering $1 billion and declare itself the “largest public XRP treasury company,” one could hardly help but feel a shiver of excitement-followed swiftly by a chill of dread.

On the fateful day of November 4, 2025, with aspirations soaring, Evernorth acquired a prodigious 84.36 million XRP at an average price of $2.54 per token. This audacious purchase elevated their holdings to a colossal 473.27 million tokens. One might say they were riding high, but alas, the clouds soon darkened.

“Our unwavering accumulation of XRP reflects our belief in its unparalleled significance in the digital realm, as we strive to cultivate an XRP treasury that yields perpetually,” the firm proclaimed, full of conviction.

Yet, as fate would have it, the cost of such ambition has proven steep. According to the ever-watchful CryptoQuant, Evernorth now faces the grim reality of unrealized losses surpassing $200 million. Oh, how the mighty have fallen!

This dismal fate mirrors the broader malaise that has swept across the XRP market. It seems nearly half of the circulating supply languishes in the shadows of loss, a testament to the recent price decline that has beset the digital asset.

Indeed, since the announcement of Evernorth’s treasury ambitions, XRP has plummeted approximately 25%, dipping below the price levels seen at the dawn of this year. A fitting metaphor for the trials of life, one might say, as momentum ebbs like the tide, leaving many adrift in uncertainty.

As I pen these words, XRP trades at a meager $1.87, a modest rise of 1.5% in the wake of a broader market rally-not quite the resounding success one would dream of at a festive gathering.

Behold the ominous predictions from BeInCrypto: the current market cycle threatens to terminate XRP’s two-year streak of annual gains, with expectations of a lackluster finish to the year, down roughly 11%. Quite the holiday cheer, wouldn’t you agree?

Yet, let us not forget that XRP is not alone in its tribulations. Other esteemed cryptocurrencies also bear the weight of the fourth quarter’s relentless pressures. The burden of grief is shared among institutional investors, as they watch their large on-chain positions dwindle.

Take, for instance, the lament of analyst Maartunn, who reports that BitMine finds itself in a quagmire of approximately $3.5 billion in unrealized losses on its Ethereum holdings. Despite this, the firm stubbornly continues to accumulate ETH-oh, the irony! Such perseverance could be admired if it weren’t so tragically comical.

Bitmine is currently sitting on an unrealized loss of -$3.5B – a massive drawdown. 🤯

– Maartunn (@JA_Maartun) December 24, 2025

And there are others in similar straits! Treasuries focused on Bitcoin are also feeling the pinch. Metaplanet’s Bitcoin holdings have dipped roughly 18.8%, while a multitude of institutional holders face comparable declines. Truly, it’s a great feast of despair in the cryptocurrency banquet hall!

Read More

2025-12-25 10:43