Internal XRP Transfer of $53 Million Sparks Speculation on Coinbase’s Operational Strategies
Main Idea
A recent internal transfer of 16.7 million XRP tokens to Coinbase, valued at $53.16 million, has sparked market speculation, though the XRP price remains stable at around $3.18.
Key Points
1. 16.7 million XRP tokens were transferred to Coinbase, worth approximately $53.16 million.
2. The current XRP price is around $3.18, showing little reaction to the transfer news.
3. XRP's price has been fluctuating within a narrow range, with $3.30 as a key resistance level.
4. The transfer may be related to internal management of assets rather than market selling pressure.
5. Large transfers can influence market sentiment, but XRP's price has remained stable despite the transaction.
Description
A recent transfer of 16.7 million XRP tokens, valued at approximately $53.16 million, was made to Coinbase, indicating internal wallet movement rather than external trading activity. 16.7 million XRP tokens
Latest News
- Bitcoin and Ethereum Surge Amid Regulatory Shifts and Institutional Interest, Suggesting a Potential Market Transformation2025-08-11 12:29:43
- SHIB Burn Rate Increases 158% Amid 4% Price Decline: What This Could Mean for Investors2025-08-11 12:09:07
- TRUTH SOCIAL FILES AMENDED S-1 FOR BITCOIN ETF2025-08-11 12:04:11
- Crypto Market Sentiment Shifts to Greed as BTC and ETH Show Gains Amid Increased Risk Appetite2025-08-11 12:00:57
- MICROSTRATEGY PURCHASED 155 BITCOINS BETWEEN AUGUST 4 – AUGUST 10 AT AN AVERAGE PRICE OF $116,401 (TOTAL: $18.0 MILLION)2025-08-11 12:00:41