Ripple transferred 75 million XRP, equivalent to approximately $108 million at the current exchange rate, from its own wallets to the Coinbase exchange. The operation was recorded by Whale Alert and XRPWallets, which documented how the funds moved through a chain of Ripple sub-wallets before being deposited on the exchange. The operation generated speculation about a possible massive sell-off, although industry analysts advise against that hasty reading.
At the time of the transaction, XRP was hovering around $1.44 and holding key support levels despite pressure in the market. The transfer coincided with statements from the company in which its executives reaffirmed that XRP remains the “north star” of its ecosystem. In that context, experts interpret the movement as market depth management rather than an exit signal.
Since April 10, XRP spot ETFs have recorded daily net inflows totaling $67.47 million. Coinbase operates as an authorized participant and custodian in several of those vehicles. In 2026, Ripple has also deepened its integration with institutional custodians, and the exchange frequently acts as a distribution node for XRP toward on-demand liquidity corridors, known as ODL.
Source: https://x.com/XRPwallets/status/2046460481293124006
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