Coinbase Continues to Dispose XRP, Only 8 Wallets Left – What’s Happening?

• Coinbase trims XRP reserves, leaving only eight active cold wallets.
• Community tracks sharp XRP decline as Coinbase steadily disposes holdings.
• Speculation rises on XRP suppression amid Coinbase’s reduced wallet balances.

According to data presented by XRP_Liquidity, Coinbase’s XRP reserves continue to shrink, with only eight cold wallets now holding significant balances. Each wallet is estimated to contain around 16.5 million XRP, signaling that the exchange has steadily disposed of its holdings over time.

Earlier data showed Coinbase controlled about 970 million XRP across its cold storage. At that time, 10 wallets carried 26.8 million XRP, while 42 wallets held around 16.8 million XRP. The shift from those levels to the latest figures demonstrates the scale of reduction and why community attention has intensified.

Also Read: Here’s XRP Price Potential if Global Banks and Corporations Fully Adopt It

Shifting Storage Patterns and Community Focus

The decline in wallet numbers reflects a gradual change in Coinbase’s approach to storing XRP. Instead of consolidating large amounts, the exchange has steadily reduced balances, leaving only a handful of sizable wallets active.

This shift has prompted community monitoring of Coinbase’s activities, with many seeing cold wallet reserves as a measure of exchange-driven liquidity. Since Ripple and the U.S. Securities and Exchange Commission dismissed their appeals, focus has moved from regulatory battles to exchange flows and adoption metrics.

Claims of Manipulation Surface Amid XRP Disposal

Speculation increased when some investors claimed Coinbase had cut its XRP reserves by nearly 69%. On-chain figures suggested balances dropped to 199 million tokens from approximately 780 million within weeks.

The sharp decline fueled theories that Coinbase might be suppressing XRP’s growth, with critics even creating an “XRP Suppression Index” linking sell-offs to the exchange.

Coinbase lawyer Bill Morgan dismissed these allegations, stating that XRP’s price behavior remained consistent even when the exchange delisted the token. He argued there is no evidence that Coinbase is driving market trends, despite community concerns over the scale of disposal.

Conclusion

Coinbase’s steady reduction of XRP holdings has left only eight cold wallets with notable balances. This continued disposal has intensified debate around liquidity management and manipulation claims, keeping the XRP community focused on every move from one of the asset’s largest custodians.

Also Read: Ripple vs SWIFT: Here Are the Reasons Why Banks Won’t Use XRP – SWIFT CIO Discloses

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