Nearly $120 million of XRP just moved to Coinbase in whale transaction
CoinDesk·4h ago·Neutral
What Happened
Approximately 89.8 million XRP valued at $119 million was transferred to Coinbase today. The movement originated from wallet address rMWqYat3nJXSLoyqB5tUsfYp6KLgoMHXTN through an intermediate address before reaching Coinbase. Large transfers to exchanges often indicate potential selling or position rebalancing by investors. XRP currently trades at $1.33, down 60% from its summer 2025 peak. The transaction's ultimate intent remains unclear.
Key Entities
XRPCoinbaseWhalealert.io$119 million89.8 million XRP