Coinbase’s XRP Mystery Deepens as $51,848,056 in Coins Stuns Major US Exchange
Main Idea
A large transfer of XRP worth $51.8 million to Coinbase from an unknown address has deepened the mystery surrounding the exchange's wallet activity, following earlier observations of significant XRP holdings linked to Coinbase.
Key Points
1. 16.71 million XRP (worth $51.8 million) was transferred to Coinbase from an address with no public ties to the exchange.
2. Earlier in June, an 'XRPWallets' account identified 52 cold wallets linked to Coinbase, holding a combined total of nearly 974 million XRP.
3. As of now, only 23 of those wallets remain with a recognizable pattern, holding around 379.5 million XRP, a drop of over 60% from June.
4. The recent transfer of 16.71 million XRP fits the same 'slice size' pattern observed in the remaining wallets.
5. The reason for the wallet reshuffling and the large XRP movements remains unclear, and Coinbase has not provided an explanation.
Description
$51,848,056 in XRP land on Coinbase, deepening major US exchange mystery
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