Nearly $120 million of XRP just moved to Coinbase in whale transaction
CoinDesk
A massive transfer of nearly 90 million XRP, worth approximately $120 million, was moved to the Coinbase exchange by a crypto whale.Summary
A significant whale transaction involving approximately 89.8 million XRP, valued at nearly $120 million, was tracked moving to a Coinbase-associated wallet. Data from Whalealert.io indicates the funds traveled through an intermediate wallet before reaching the exchange. While such large movements to centralized exchanges often suggest an investor's intent to sell or rebalance holdings, analysts note that these transfers can also be used for over-the-counter settlement or custody purposes. Currently, XRP is trading at approximately $1.33, maintaining stability over the last 24 hours despite being down over 60% from its 2025 peak.
(Source：CoinDesk)