XRP’s Great Escape: Where’d All the Coins Go? 🧐

by

Oh, the drama! It appears Coinbase, that bastion of sensible investment, is experiencing a most peculiar thinning of its XRP holdings. Ninety percent, you say? My dear readers, one must assume such a significant exodus isn’t merely accidental. It’s positively scandalous… or perhaps, just shrewd.

The whispers, naturally, revolve around those titans of finance – BlackRock and their ilk – allegedly stocking up on XRP with the subtlety of a duchess selecting a particularly dazzling tiara. The rumour mill, as always, is working overtime. ✨

Coinbase’s XRP Holdings Crash By 90%

One is simply aghast at Coinbase’s recent behaviour. From a respectable 780.13 million XRP to a paltry 199.47 million? It appears their once-lavish XRP reserves have been… economized. Almost as if they were preparing for a rather extravagant party and found they were a touch over budget.

And now, we learn the decline continues! Only six chilly cold wallets remain, each containing a mere 16.5 million XRP. A veritable pittance! Once a proud owner of 52 wallets brimming with the stuff – a truly decadent display – it seems Coinbase has embraced a life of minimalist chic. 💸

So, from nearly 970 million XRP to a disappointing 99 million? One can’t help but wonder if someone forgot where they put the rest. Or, of course, if it’s all part of a grand, terribly clever plan. A plan, perhaps, involving imminent ETF approval and, naturally, maximizing profits. Because, really, what else is new?

This mass departure, one is told, is linked to institutional accumulation. Anticipation of a Spot XRP ETF in the US, you see. BlackRock’s supposed indirect involvement via Coinbase’s “custodial services” adds a particularly delicious layer of intrigue. One suspects a secret society may be involved. 🤫

What Does This Mean For XRP?

The digital populace is, predictably, buzzing. Hints of BlackRock’s machinations abound, while arguments over price manipulation flare up like poorly extinguished candles. Such passion! Such indignation! One can hardly keep up. Though, I must confess, some claims seem… a little dramatic.

A barrister named Morgan, rather sensibly, dismissed the notion of deliberate price suppression. A man of reason, clearly. Although, one suspects even he enjoys a good conspiracy theory now and then.

The prevailing theory, and the one that lends itself most readily to a charming narrative, is the pending XRP ETF. The odds, apparently, are remarkably high, topping 90% on Polymarket and Bloomberg. Institutions, naturally, are preparing to reap the rewards. It’s all frightfully predictable, isn’t it?

XRP currently trades at a rather pedestrian $3, down a mere 2.9% in the last 24 hours. A minor setback, I assure you, for a coin with such a compelling backstory. One expects a dramatic resurgence, soon enough.

Read More

2025-09-16 03:34