Staggering amount of XRP deposited into largest crypto exchange in US Advertisement

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Prominent blockchain tracker Whale Alert, which monitors large cryptocurrency transfers, has spotted a massive crypto transaction that took place earlier today and carried tens of millions of dollars worth of XRP. The destination was the largest cryptocurrency exchange in the U.S. — Coinbase.

Advertisement

That was the second major XRP transfer this data source has reported this week so far.

Related Tue, 04/15/2025 - 10:18 $150,361,090 XRP Mystery Stuns Community, Here's What's Really Behind It Gamza Khanzadaev

HOT Stories Michael Saylor Issues Mysterious Post As Bitcoin Breaks Out: 'Meet Me At The Top' Bitcoin Breakout Euphoria Thrashed by Legendary Trader Peter Brandt $150,361,090 XRP Mystery Stuns Community, Here's What's Really Behind It Bitcoin to Behave Similarly to Gold for Next Few Thousand Years: US Government’s Top Crypto Executive

29,532,534 XRP moved to Coinbase

Whale Alert revealed that a total of 29,532,534 XRP tokens worth $63,810,782 at the time of the transfer was shoveled to the U.S.-based crypto trading venue Coinbase. The transaction was initiated by an anonymous digital wallet.

Advertisement

🚨 🚨 🚨 29,532,534 #XRP (63,810,782 USD) transferred from unknown wallet to #Coinbasehttps://t.co/IYH3G3B6I6

— Whale Alert (@whale_alert) April 15, 2025

Many XRP enthusiasts in the comments assumed that this anonymous whale deposited the XRP to make a giant sale. However, data provided by the Bithomp XRP-focused explorer shows that the XRP transfer was initiated by Coinbase itself as the crypto exchange rearranged its XRP holdings.

On April 14, Whale Alert spotted a transaction that carried almost 2x that amount of crypto, 70,000,000 XRP, worth $150,361,090. The same on-chain analytics data source as above (Bithomp) revealed that this massive XRP chunk was transferred between two wallets associated with Ripple, most likely making it an ODL transfer on the Ripple Payments system that runs on RippleNet using XRP.