$119M XRP whale transfer to Coinbase sparks speculation

Nearly 90 million XRP, worth $119M, was moved to Coinbase in a whale transaction, sparking speculation about a potential sale. Despite the transfer, XRP's price stayed stable but remains over 60% below its 2025 peak.

Nearly 90 million XRP tokens, valued at approximately $119 million, were transferred to a Coinbase-linked address in a single transaction, drawing significant attention from the crypto community. The transfer originated from the wallet address "rMWqYat3nJXSLoyqB5tUsfYp6KLgoMHXTN," passed through an intermediary wallet, and ultimately reached the Coinbase-associated address "rRmgo6NW1W7GHjC5qEpcpQnq8NE74ZS1P." Large-scale "whale transactions" like this are closely monitored, as they can signal that major holders may be preparing to sell, rebalance, or restructure their portfolios. Other possible motives include over-the-counter deals or changes in custody arrangements. The timing and size of this transfer, especially ahead of key macroeconomic data releases, heightened market attention and triggered some panic among XRP holders. Despite the massive inflow, XRP's price remained stable over the past 24 hours, though it is still down more than 60% from its summer 2025 peak.