Ripple Transfers 75 Million XRP to Coinbase

Ripple executed a series of large-scale transfers involving 75 million XRP tokens, valued at approximately 107 million dollars, on its XRP Ledger blockchain over April 20 and into early April 21. The transactions routed funds through multiple subwallets before depositing 50 million XRP into two addresses linked to the Coinbase exchange, while retaining 25 million XRP in other Ripple-controlled wallets.

Blockchain monitoring services tracked the movements, which began at 19:52 UTC on April 20 from a primary Ripple wallet. That address sent 50 million XRP to an intermediary wallet, which consolidated holdings before redistributing 75 million XRP to five separate addresses later that evening. Each of those received 15 million XRP within a two-minute window. Subsequent transfers on April 21 directed portions of the funds to the Coinbase wallets, including one previously associated with sales by Ripple Chairman Chris Larsen. The process concluded without any immediate public explanation from Ripple, though company executives have emphasized XRP's central role in their ecosystem.

Analysts described the activity as routine liquidity management rather than a signal of impending sales....