Blockchain data shows a large XRP deposit of 16,594,920 XRP (about $50.7M) was sent to Coinbase, signaling renewed whale activity amid the Ripple litigation closure. A separate 35,000,000 XRP ($108.1M) internal transfer was also recorded, highlighting increased on‑chain movement for XRP.
16,594,920 XRP (~$50.7M) moved to Coinbase
35,000,000 XRP (~$108.1M) moved between unknown wallets
Second Circuit approved Joint Stipulation of Dismissal, formally closing the Ripple v. SEC appeals
XRP whale transfer: 16.6M XRP to Coinbase (~$50.7M). Read details, on‑chain data, and the Ripple case closure — full coverage and next steps.
Published: 2025-08-23 | Updated: 2025-08-23 | Author/Organization: COINOTAG
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What is the XRP whale transfer to Coinbase?
The XRP whale transfer refers to a single on‑chain deposit of 16,594,920 XRP (approximately $50,715,884) sent from an unknown wallet to Coinbase, as reported by blockchain monitoring services. This deposit is part of increased whale activity observed alongside legal and macroeconomic developments.
How large were the recent XRP transfers and where did they go?
On-chain reports show two notable transfers: 16,594,920 XRP (~$50.7M) to Coinbase, and 35,000,000 XRP (~$108.1M) swapped between unknown wallets. These figures come from blockchain transaction records and public monitoring accounts reported in real time by on‑chain trackers.
| Amount (XRP) | Approx. USD Value | From | To |
|---|---|---|---|
| 16,594,920 | $50,715,884 | Unknown wallet | Coinbase |
| 35,000,000 | $108,112,187 | Unknown wallet | Unknown wallet |
Why does the Coinbase deposit matter?
Large deposits to major exchanges like Coinbase can indicate potential selling pressure, custodial movement, or account consolidation. The Coinbase deposit coincides with heightened market attention on XRP following the legal resolution noted by market observers.
What legal development coincided with increased XRP activity?
The Second Circuit approved a Joint Stipulation of Dismissal for appeals in the Ripple v. SEC matter, effectively closing the litigation. Former federal prosecutor James K. Filan publicly noted the approval, citing the court filings dated Aug. 7 and the SEC’s Aug. 15 status report.
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How did macro comments affect crypto markets recently?
Markets surged after Fed Chair Jerome Powell indicated a possibility of a rate cut at the September meeting. That macro signal briefly lifted risk assets, including XRP, which recorded intraday gains of nearly 8% during the move.
Frequently Asked Questions
Did Whale Alert report these transfers?
Yes. On‑chain monitoring services, including Whale Alert, posted records showing the 16,594,920 XRP deposit to Coinbase and a separate 35,000,000 XRP transfer between unknown wallets.
Is the Ripple case officially closed?
The Second Circuit approved the Joint Stipulation of Dismissal of appeals filed by both parties, and court filings on Aug. 15 confirm the status submission by the SEC. This approval marks the appeals as closed and ends the multiyear litigation process.
Should traders expect immediate price impact from these transfers?
Large exchange deposits can lead to increased volatility, but a direct price outcome depends on subsequent exchange activity (sell orders, custody moves, or transfers off exchange). The deposits are a data point, not a definitive indicator of immediate market direction.
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On‑chain records show substantial XRP movement, including a 16.6M XRP deposit to Coinbase and a 35M XRP internal transfer, occurring as the Ripple litigation reached a formal close. Market participants should monitor exchange flows and order books for follow‑through activity. COINOTAG will continue to report verified on‑chain developments and official court updates.
Source: https://en.coinotag.com/over-50m-xrp-deposit-to-coinbase-could-reflect-whale-activity-following-second-circuit-approval-of-ripple-case-dismissal/