Coinbase’s XRP balance appeared to surge 4,870% to more than 5.5 billion XRP within an hour, sparking speculation that the exchange had received billions of dollars in new tokens. XRPScan later clarified that no new transfer occurred. The increase resulted from a wallet identification update that added 146 previously unlabeled Coinbase wallets to the exchange’s reported balance. Coinbase now ranks third on the XRP rich list with about 5.68 billion XRP. The update shows the apparent surge reflected wallet labeling rather than a fresh XRP purchase.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Pudgy Penguins has flashed a proven bullish indicator, pointing to a likely 77% upside potential.…
Pump.fun has officially launched tokens tracking the market value and sentiment of major companies before…
Tom Lee, chairman of BitMine, thinks the next big move in Ethereum will come from…
World's latest push into banking and finance could give the WLD price prediction a fresh…
A new official X account for XRP has gone live, managed jointly by Ripple and…
Ripple CEO Brad Garlinghouse has admitted that the collapse of the CLARITY Act hurt. He…
