TL;DR
- Coinbase’s XRP balance on the rich list surged 4,870% to 5,569 million, but no new tokens were actually added.
- The jump was caused by the identification and labeling of 146 Coinbase wallets that had not previously been recognized in the system.
- With 5,683 million tokens spread across 152 accounts, Coinbase climbed to third place on the rich list, behind Upbit and Ripple.
The explorer XRPScan moved to clarify an apparent anomaly that caused confusion in the market: Coinbase’s XRP balance on the rich list recorded a jump of 4,870.7%, rising from marginal levels to 5,569,165,957 XRP, as reported by the Rich List Bot in one of its hourly updates. The spike did not correspond to any large-scale purchase or transfer of funds to the exchange, but rather to a change in the wallet identification methodology used by the scanner.
The explorer itself confirmed that it had just completed the identification and labeling of 146 Coinbase wallets that until that point had been unclassified in its system. By incorporating those addresses into the exchange’s recognized balance, the consolidated figure jumped automatically, generating the reading that monitoring bots interpreted as a real inflow of tokens.
To clarify, Coinbase did not gain 5.5B XRP. We just completed identification and labeling of 146 (previously unidentified) Coinbase wallets. They are now the #3 XRP holder on the rich list: https://t.co/dcJHJNAXVf https://t.co/yNN3dtdWot
— XRPScan (@xrpscan) September 8, 2026
XRPScan: Rich List Reconfiguration
The update is part of an improvement process that XRPScan announced in August 2026, aimed at providing more precise and consolidated data on the token’s largest holders on the ledger. With the new records incorporated, Coinbase now shows a total balance of 5,683,635,165 units, equivalent to 5.684% of the circulating supply, distributed across 152 accounts. That places it in third position in the global ranking.
Above Coinbase stand Ripple and Upbit. Ripple leads the rich list with 3,781,131,458 tokens in active balance and another 35,700,000,000 tokens locked in escrow, spread across 26 accounts. Upbit holds second place with 6,416,060,312 units across 12 accounts. Binance, meanwhile, rounds out the top four in fourth place with 2,608,237,482 tokens distributed across 18 accounts.
Technical Developments
On another front, the XRP Ledger is recording significant progress on its technical roadmap. The Permission Delegation amendment passed an independent security review conducted by Cantina Security and the ledger’s quality assurance suite. In addition, the Batch amendment is approaching the required majority with a 71.43% consensus among validators, while the fix bundled fixCleanup3_3_0 awaits activation on mainnet, subject to validator support remaining above the required threshold.
