- The $58M XRP moved to Coinbase raises speculation.
- Market stability observed despite the large transfer.
- No major selloff has occurred after the movement.
A significant transfer of approximately 26.9 million XRP, valued at $58 million, was made to Coinbase by an unidentified whale on June 15, 2025, raising questions in the cryptocurrency community about potential selloff implications.
Analysts observe the transfer’s muted market impact highlights increased resilience in XRP’s trading dynamics.
The recent transfer of 26.9 million XRP worth $58 million to Coinbase was flagged by Whale Alert, prompting speculation about potential selloffs. Market reactions remained stable, with XRP showing minimal price fluctuations post-transfer, a sign of greater market stability.
An unidentified whale transferred the substantial XRP amount to Coinbase, although Ripple’s leadership, including CEO Brad Garlinghouse, has not commented on this transfer. “No official public statements from Ripple leadership have been made regarding this XRP transfer, highlighting the entity’s silence surrounding these significant movements.”
Previous similar incidents this June have been absorbed without negative repercussions on XRP’s market stability.
The transfer caused market watchers to scrutinize XRP’s stabilized price, with no notable drop observed. This stability was regarded as a testament to XRP’s market maturity, despite geopolitical tensions affecting broader crypto volatility.
Historical data from Glassnode indicates past large XRP moves have not resulted in long-term price declines, pointing to reinforcing institutional interest and potential resilient buy-side demand. Market analysts suggest possible ETF anticipation within the XRP ecosystem might be at play.
No further regulatory announcements or significant internal changes from Ripple were reported in connection to this specific transfer.
