Anybody monitoring XRP’s on-chain flows over the previous few weeks would have seen a constant sample: nameless wallets have been sending tens of millions of XRP to Coinbase, and these transfers have been large.
The most recent switch occurred earlier at the moment when 16.71 million XRP — simply over $51.8 million — moved from an deal with with no public ties to Coinbase. This quantity is just not random; it’s practically similar to the “slice measurement” that has repeatedly appeared in main U.S. trade’s latest pockets reshuffles.
The backstory begins in June when an “XRPWallets” account mapped 52 chilly wallets linked to Coinbase. Ten of these wallets held about 26.8 million XRP every, and the remaining 42 wallets held round 16.8 million XRP every. This quantities to a mixed complete of practically 974 million XRP.
🚨 🚨 🚨 16,712,632 #XRP (51,848,056 USD) transferred from unknown pockets to #Coinbasehttps://t.co/fgSW3wTX8c
— Whale Alert (@whale_alert) August 15, 2025
Now, in response to the identical tracker, solely 23 of these wallets match the recognizable sample. Every pockets incorporates roughly 16.5 million XRP, for a complete of round 379.5 million. That’s about 594 million XRP lower than the holdings seen in June, a drop of greater than 60% within the set of wallets the tracker can at the moment determine.
The brand new influx of 16.71 million XRP suits neatly into that very same “slice measurement,” hinting at an inside redistribution slightly than a random influx.
Lacking hyperlink
A transparent cause for the shuffle is unclear. The tokens might have moved to new wallets, an exterior custodian or been withdrawn by a couple of massive purchasers. Perhaps these platforms are related to Ripple’s ODL community.
Whereas the blockchain can present the tokens’ location and motion, it doesn’t clarify why. Till Coinbase addresses this, the seen proof is a shrinking public stash, repeating numbers and the sense of a hidden plan.
