A serious XRP transaction passed off on Monday, with 16,698,207 tokens (price roughly $53.16 million) shifting this morning on a single transfer to Coinbase. Alerts from whale alerts have been shortly circulated, with many initially assuming that main exterior holders had transferred funds into alternate.
Nonetheless, on-chain information later revealed that the switch was inner. XRP was transferred from one Coinbase chilly pockets labeled “197” by monitoring the service to at least one with one other label labeled “Chilly Pockets 6”.
Each wallets are a part of the alternate’s deep reserves, often holding round 16.5 million XRP every. As a result of such wallets are nonetheless lively, this transaction represents solely a small portion of Coinbase’s whole XRP holdings.
🚨🚨🚨16,698,207 #xrp (53,165,037 USD) transferred from unknown pockets to #coinbasehttps://t.co/kxca5ldros
– Whale Alert (@whale_alert) August 11, 2025
Massive inflow into exchanges typically raises doubt concerning the attainable market influence, however on this case inner relocation is extra indicative of operational reworking or safety controls.
Nonetheless, the big dimension of the switch means it stays on the radar of the XRP group, carefully monitoring vital ledger actions.
XRP value response
On the market stage, XRP trades at round $3.18, with little response to the information. Costs have been in a slim vary since late July, with $3.30 serving as a transparent level of resistance. Breaking via this stage will consequence within the doorways being $3.50, doubtlessly $3.70, however in any other case the present sideways tendencies may proceed as they’re.
As Coinbase nonetheless manages over 20 high-balanced wallets, it’s seemingly that related transfers will reappear, inflicting one other spherical of hypothesis every time about whether or not it’s merely an inner accounting measure or the beginning of one thing greater.
