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Nearly $120 million of XRP just moved to Coinbase in whale transaction
XRP is flat over the past 24 hours, but down more than 60% from its summer 2025 peak.
Apr 13, 2026, 1:19 p.m.
What to know:
- Nearly 89.8 million XRP, worth about $119 million, was moved through intermediary wallets to a Coinbase-linked address.
- Such large “whale” transfers to centralized exchanges are often seen as a sign that major holders may be preparing to sell or rebalance their positions, though other motives are possible.
Such large-scale movements, often referred to as “whale transactions,” are closely monitored in crypto markets because they can hint at institutional or high-net-worth investor intentions. In many cases, inflows of this magnitude to centralized exchanges are interpreted as a potential signal that holders may be preparing to sell or rebalance their positions. This is because assets sent to exchanges are typically made more liquid and readily tradable than those held in direct custody in personal wallets.
That said, transfers to exchanges could also mean repositioning assets, engaging in over-the-counter settlement processes, or moving funds for custody-related purposes.
