Ah, mes chers amis, in the merry month of June, the valiant XRP enthusiast known in the ether as “XRPWallets” embarked upon a grand expedition, counting 52 Coinbase cold wallets-treasures amounting to a staggering 970,000,000 XRP! 🎩✨ Ten noble coffers bore 26,800,000 each, while 42 humbler ones held 16,800,000. Quelle splendeur!
But alas! Only a fortnight or so later, this fortress of fortune crumbled like a poorly baked éclair. Now, only 16 wallets remain in the lower league, the grander hoards either emptied, chopped into sub-wallets, or spirited away like mischievous spirits. 👻
Upon closer inspection, by late August, dear Coinbase’s XRP chest had shrunk by nearly 73%! A mere wisp of the once-mighty 1,000,000,000 XRP remained, sighing quietly in their addresses. 📉
16 Cold Wallets Remaining at 16.5M XRP each.
– XRP_Liquidity (Larsen/Britto/Escrow/ODL/RLUSD) (@XRPwallets) August 26, 2025
Our witty chronicler “XRPWallets” also noticed this curious fashion at BitGo and Bitstamp, where ancient cold storage is being scattered into modest operational accounts. Ah, what a spectacle of financial rearrangement! Yet the sheer drama at Coinbase makes one wonder if this is mere housekeeping or a sly maneuver of the crypto theatre. 🎭
The Curious Case of XRP’s Squeezing at Coinbase
On one hand, such redistribution may signal the mundane: custody rebalancing, regulatory rehearsal, or client withdrawals delicately orchestrated. 🕴️
On the other hand, dear XRP flirts at $2.91-a price that has long resisted gentle persuasion this year-and dwindling exchange balances always invite whispers of a secret supply plot. 🤫
With Coinbase’s treasure now 73% lighter than in June, the grand question lingers: is this a tightening of the XRP banquet, or just a discreet adjustment behind the velvet curtain?
Whatever the truth, the punchline remains: the summer has seen XRP’s presence on one of America’s grandest exchanges shrink by a whopping 73%! 🎪💸
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2025-08-26 17:36