Coinbase’s XRP Mystery: Where Are the Coins Vanishing To? 🤔

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Ah, the cryptoverse-where coins vanish faster than a wizard’s hat at a magicians’ convention. According to @XRPwallets, the sleuths of the blockchain world (or at least the XRP part of it), Coinbase has been quietly shedding its cold wallets like a snake shedding skin in spring. Except this time, instead of leaving behind an old layer, they’re leaving behind… well, fewer coins. 🐍💸

Yes, dear reader, the largest U.S.-based crypto exchange now has one less cold wallet for XRP. And if you think that sounds minor, consider this: over the past 24 hours, 16.5 million XRP have gone *poof* into the ether. No fireworks, no fanfare-just gone. It’s almost as if someone whispered, “Make it disappear,” and the universe obliged. 🪄✨

Minus 16.5 Million XRP at Coinbase

Let’s do the math together, shall we? On September 9th, there were seven cold wallets left, each holding 16.5 million XRP. That’s right, just seven. Compare that to June 9th when the same account reported a whopping 52 cold wallets. Back then, it was a veritable treasure trove: ten wallets with 26.8 million XRP each, and 42 others with-you guessed it-16.5 million XRP apiece. Now? A measly seven remain. One wonders if they’re playing musical chairs with their wallets and forgot to stop the music. 🎶🪑

7 Cold Wallets Remaining at 16.5M XRP each

– XRP_Liquidity (Larsen/Britto/Escrow/ODL/RLUSD) (@XRPwallets) September 9, 2025

So where are all these coins going? Are they being redistributed among shadowy figures who wear capes and mutter about decentralization? Or is this just another example of institutional shenanigans? Theories abound, but answers? Few and far between. 🕵️‍♂️🎩

BlackRock Uses XRP But Does Not Launch ETF 🚀

Ah, BlackRock-the financial equivalent of a dragon sitting on a mountain of gold. This summer, the behemoth inked a deal with Coinbase, which meant more than just Bitcoin custodianship. Oh no, BlackRock is now dabbling in XRP, offering it to its institutional clients via Aladdin. Yes, the same Aladdin that doesn’t involve magic lamps or genies granting three wishes. Disappointing, I know. 😞

But here’s the twist: despite using XRP, BlackRock has no plans (yet) to launch a spot XRP ETF. They’ve already rolled out ETFs for Bitcoin and Ethereum, so why not XRP? Perhaps they’re waiting for the perfect moment, like a cat stalking a particularly juicy mouse. Or maybe they’re just biding their time until everyone stops asking awkward questions. 🐱⏳

Some experts believe BlackRock’s hesitation won’t last forever. After all, in the world of finance, patience is often rewarded-and occasionally, so is chaos. So keep your eyes peeled, your wallets secure, and your sense of humor intact. Because in crypto, as in life, things rarely go according to plan. 🎢💡

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2025-09-09 15:44