Nearly $120 million of XRP just moved to Coinbase in whale transaction

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email 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. By Omkar Godbole , AI Boost | Edited by Stephen Alpher Apr 13, 2026, 1:19 p.m. Make preferred on XRP whale moves millions to Coinbase. (foco44/Pixabay) 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. A major XRP transfer to Coinbase occurred today, potentially signaling that an investor is preparing to sell. The movement involved roughly 89,828,700 XRP, valued at about $119 million, and began from wallet address "rMWqYat3nJXSLoyqB5tUsfYp6KLgoMHXTN," according to data source Whalealert.io . The funds were first sent to an intermediate wallet, "rwnYLUsoBQX3ECa1A5bSKLdbPoHKnqf63J," before being forwarded to a Coinbase-associated address, rRmgo6NW1W7GHjC5qEpcpQnq8NE74ZS1P. 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. Still, the timing and size of the transfer is noteworthy for those trading the payments-focused cryptocurrency. As always in crypto markets, large movements can influence perception, even when their ultimate intent remains uncertain. XRP is trading at about $1.33, flat over the past 24 hours, but down more than 60% since peaking in the summer of 2025. XRP News AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy . More For You WLFI mints $25 million in fresh USD1 and burns $3 million, days after repayment claim By Shaurya Malwa | Edited by Sam Reynolds 50 minutes ago The mint and a simultaneous $3 million burn come days after the venture said it had repaid $25 million of the borrowing position that left depositors unable to withdraw from a DeFi lending pool. What to know : World Liberty Financial minted 25 million USD1 stablecoins and burned 3 million on Monday, resulting in a net $22 million increase in USD1 circulation as it manages fallout from its Dolomite lending position. The moves follow the firm's claim that it has repaid $25 million of the roughly $75 million... Read full story Latest Crypto News CoinDesk 20 performance update: index falls 2.9% as all constituents trade lower 8 minutes ago Foundry unveils Zcash block explorer as mining pool reaches 30% of hashrate 20 minutes ago WLFI mints $25 million in fresh USD1 and burns $3 million, days after repayment claim 50 minutes ago Strategy buys 13,927 bitcoin for $1 billion, entirely through STRC 1 hour ago AI agents are set to power crypto payments, but a hidden flaw could expose wallets 1 hour ago Bitcoin anchors near $70,000 as RAVE's 3,400% surge signals speculative froth 1 hour ago Top Stories WLFI threatens legal action against Justin Sun after he accuses Trump-linked project of deceptive DeFi deals 7 hours ago Alameda moves $16 million in Solana's SOL token for possible creditor distribution 6 hours ago Attacker mints $1 billion Polkadot tokens on Ethereum, ends up stealing just $250,000 6 hours ago The one metric investors are overlooking in Michael Saylor’s Strategy 3 hours ago StarkWare cuts jobs in reorganization as Starknet revenue plunges 99% from peak 3 hours ago Super PAC tied to Tether makes first ad buy from firm founded by Tether's U.S. CEO Apr 12, 2026