Coinbase’s XRP Mystery Deepens: Another $50 Million Moves!

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Well, well, well, what do we have here? Another massive haul of XRP has waltzed into Coinbase, and it’s looking suspiciously like a plot twist in a summer blockbuster. According to our trusty friend, Whale Alert, a whopping 16.59 million XRP, valued at just over $50 million, has made its grand entrance from a mysterious address straight into the arms of the big, bad U.S. exchange. 🎉💰

Now, you might say, “Oh, it’s probably just another whale moving its treasure,” but let’s not kid ourselves. This number is far too neat, too tidy, to be a coincidence. It’s like finding a perfectly wrapped gift under the Christmas tree in July. Suspicious, don’t you think?

Back in June, the XRP sleuths among us managed to uncover a network of 52 cold wallets linked to Coinbase. These weren’t just any old wallets; ten of them were brimming with about 26.8 million XRP each, while the remaining 42 held around 16.8 million. All together, they were sitting pretty with nearly a billion tokens. 🤑

🚨 🚨 🚨 16,594,920 #XRP (50,091,261 USD) transferred from unknown wallet to #Coinbase

– Whale Alert (@whale_alert) August 24, 2025

Fast forward a couple of months, and things have taken a dramatic turn. Only 23 of those wallets still match the original pattern, and the total visible balance has plummeted to around 379.5 million XRP. That’s a drop of more than 60%! It’s like watching a soap opera where the main character suddenly loses their memory and all their money. 😱

Where Does All the XRP Go?

So, where did all that XRP go? Did it vanish into thin air, or did it find a new home in some secret vault? The mystery deepens as the missing balance hasn’t resurfaced anywhere obvious. It’s either been stashed away in new wallets, handed off to some shadowy custodians, or quietly withdrawn by some very large clients. 🕵️‍♀️🕵️‍♂️

Meanwhile, the XRP price chart continues to be a wild ride. After a brief flirtation with prices above $3, it’s now slipped back down below that mark. Timing is everything, isn’t it? With these identical transfers popping up like clockwork, and the visible stash dwindling, it’s clear that Coinbase’s XRP strategy is a book with many hidden chapters. 📚🔍

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2025-08-25 14:08