Ripple-backed Evernorth faces $220M drawdown as XRP struggles
The cryptocurrency landscape is reeling from another high-profile casualty. Evernorth, a real estate investment firm backed by Ripple, is facing a staggering $220 million drawdown as its fortunes sink alongside the struggling XRP token. The Anatomy of a $220 Million Drawdown Evernorth’s financial woes stem from a significant devaluation of its core asset holdings. The…

