Coinbase’s XRP has fallen almost 90% in just three months, according to new information from XRPWallets. At the beginning of the summer, the leading U.S. crypto exchange held around 970 million XRP in 52 cold wallets. Ten of these held 26.8 million coins each, and the rest held another 16.8 million combined. This made Coinbase one of the largest visible holders of XRP in the market.
But then something switched, and now, by the middle of September, only six cold wallets are still active, each with about 16.5 million XRP, leaving the total close to 99 million, a level not seen in years.
This is an 89.79% drop from June, which happened against the background of consistent transfers between Coinbase and unknown wallets all summer.
🚨 🚨 🚨 16,508,780 #XRP (51,425,879 USD) transferred from unknown wallet to #Coinbasehttps://t.co/kcZ7kaJTHc
One of those, like the 16.5 million XRP worth $51.4 million that moved into…
