A major XRP transfer to Coinbase took place today, potentially signaling that an investor is preparing to sell.
The move involved about 89,828,700 XRP, worth about $119 million, and started from the wallet address “rMWqYat3nJXSLoyqB5tUsfYp6KLgoMHXTN,” according to data source Whalealert.io. The funds were first sent to an intermediate wallet, “rwnYLUsoBQX3ECa1A5bSKLdbPoHKnqf63J,” before being forwarded to a Coinbase-associated address, rRmgo6NW1W7GHjC5qEpcpQnq8NE74ZS1P.
Such large-scale movements, often referred to as “whale transactions,” are closely watched in crypto markets because they may suggest institutional intentions or high-net-worth investors. In many cases, inflows of this magnitude into centralized exchanges are interpreted as a potential signal that holders may be preparing to sell or rebalance their positions. This is because assets sent to exchanges are typically made more liquid and easily tradable than those held directly in personal wallets.
That said, transfers to exchanges can also mean repositioning assets, participating in over-the-counter settlement processes, or moving funds for custody-related purposes.
Still, the timing and size of the transfer is notable for those trading the payments-focused cryptocurrency. As always in crypto markets, big moves can influence perception even when their ultimate intent remains uncertain.
XRP is trading at around $1.33, flat over the past 24 hours but down more than 60% since the summer 2025 peak.
