The courtroom, at last, had grown nearly silent. Dust motes danced in sunlight almost approving, and the world for a moment believed its business with XRP and the U.S. government had cooled as a stone. But, as always, the ledger told a louder tale: 16,684,298 tokens thundered across Coinbase, like Steinbeck’s farmers rolling out with nothing but hope and a battered truck. And hope, here, measured $55.46 million wide.
Nobody, it seemed, could pin the sender. Blockchain trackers squinted into the haze, and shrugged; an unknown address with the subtlety of a bull in a tulip field had just stomped through.
The alert crept in, bugle-like but funny, during the wee hours of August 8. Not even a full day since Ripple and the SEC called it quits in their dogged legal dance. “Appeals dismissed,” both sides declared, like children who’d grown bored of fighting over a broken slingshot. Judge Analisa Torres, who probably wants nothing but quiet now, had ruled: the big folks who bought wholesale had picked up unregistered securities, but the rest-the shopkeepers, traders, thinkers-were free to swap XRP to their hearts’ content.
You want more court drama? Tough luck. The door’s closed and there’s not even a dime to collect for legal fees (insert one forlorn lawyer sobbing gently in the background).
Coinbase Cold Wallet 396 to Coinbase 10
29 Cold Wallets Remaining at 16.5M XRP each
– XRP_Liquidity (Larsen/Britto/Escrow/ODL/RLUSD) (@XRPwallets) August 8, 2025
Those blockchain watchers-half-sheriff, half-neighborhood busybody-figured out soon enough what happened. No shadowy whale; just Coinbase shuffling cold, hard tokens out from freezer storage and into its hot little hands. You see, Coinbase still hoards a stash of 29 cold wallets, each fattened with 16.5 million XRP apiece. This wasn’t a cash-grab. It was more a farmer reorganizing his hay bales before the harvest – purely keeping liquidity loose for whatever nonsense comes next.
XRP price reaction
Now, listen closely: any time the tokens scurry into the operational wallets, the market nose twitches nervously. Usually, it’s right before trading turns wild-especially if the move comes rolling in alongside earth-shaking headlines.
For XRP’s price, you couldn’t script it better. As soon as those settlement papers dropped, the price leapt like Tom Joad over a fence: $3.38, high as it’s been since July. It was enough to shake off a week that felt as dull and endless as a California drought.
Now, with regulation finally settled and more than fifty million bucks in XRP warming up for action, everyone on the street and in the fields will be watching. Do we get a rally, or does everyone cash out for a new pair of boots? No one can say, but the popcorn’s ready. 🤠🍿
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2025-08-08 13:20