16,483,919 XRP was shoveled to Coinbase, who is behind this huge move?
Source: CoinWorld
Time: 2025-09-18 18:33:05
An anonymous wallet transferred 16,483,919 XRPs to Coinbase, worth $50,856,185, coincided with the Fed's announcement of a rate cut. However, blockchain data shows that the transfer is an internal operation of Coinbase and is part of its move to reduce XRP holdings from 52 wallets to 6 wallets in the past month, which is related to Coinbase’s partnership with BlackRock’s Aladdin.