Coinbase Manages XRP Reserves with Precision
Main Idea
Coinbase has seen a significant reduction in its XRP reserves, with a 57.4% decrease since June, potentially linked to Ripple's On-Demand Liquidity (ODL) network.
Key Points
1. Coinbase's XRP reserves have decreased by 57.4% since the beginning of June, from approximately 1 billion XRP to roughly half that amount.
2. The exchange's cold wallets now hold around 26.8 million XRP, with the remaining 42 wallets containing about 16.8 million XRP each.
3. A recent transfer involved 16.69 million XRP (valued at ~$54.83 million) from Coinbase Cold Wallet 155, marked as an 'internal transfer'.
4. Expert analyses suggest the transferred XRP may be directed to sub-accounts related to Ripple's On-Demand Liquidity (ODL) network.
Description
Coinbase's XRP reserves fell 57.4% since June. Recent internal transfers suggest strategic reallocation for access efficiency. Continue Reading: Coinbase Manages XRP Reserves with Precision The post Coinbase Manages XRP Reserves with Precision appeared first on COINTURK NEWS .
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