Coinbase XRP reserves fell about 73% since June, dropping from roughly 970 million XRP across 52 cold wallets to a much smaller, redistributed set of addresses. This sharp reduction reflects major custodial rebalancing and aggregated withdrawals that materially change on-exchange supply.
Coinbase reduced consolidated XRP cold storage by ~73% from June to August.
Only 16 lower-tier wallets remain; many large addresses were emptied, split, or moved.
Similar fragmentation is visible at BitGo and Bitstamp; Coinbase’s decline is the largest among major custodians.
Coinbase XRP reserves plunged ~73% since June, reshaping custody and supply dynamics. Read the breakdown and implications for XRP holders on COINOTAG.
Coinbase has reduced its XRP cold-storage reserves by nearly 73% since June, reshaping its custodial layout and reducing concentrated exchange-held supply.
| Period | Wallet count (selected tier) | Approx. XRP held |
|---|---|---|
| June (pre-change) | 52 total (10 larger, 42 lower) | ~970,000,000 XRP |
| Late August (post-change) | 16 lower-tier wallets remain | Significantly reduced — fraction of prior total |
What changed with Coinbase XRP reserves?
Coinbase XRP reserves were consolidated across 52 cold wallets in June and have been substantially reduced by late August. Blockchain analysis shows many large addresses were emptied, fragmented, or redistributed, leaving only 16 lower-tier wallets and a much smaller consolidated balance.
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On-chain records indicate Coinbase held around 970 million XRP in June. By late August, overall cold-storage holdings tied to Coinbase were reduced by roughly 73%. This movement came via emptying large wallets, splitting holdings into smaller operational addresses, or transfers off exchange custody.
Custodial rebalancing, compliance adjustments, and aggregated client withdrawals can each explain parts of the movement. The scale and speed — a three-month, ~73% decline — suggest a deliberate operational reshuffle rather than only routine transfers.
Yes. BitGo and Bitstamp show fragmentation of long-standing cold accounts into smaller operational wallets. However, plain-text on-chain comparisons indicate Coinbase’s reduction is the most pronounced among major U.S.-linked custodians over the same period.
The reduction aligns with XRP trading near $2.91, a recurring resistance level this year. Lower exchange balances can tighten available supply and influence price dynamics, although causation requires broader market context and additional data.
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Source: https://en.coinotag.com/coinbases-xrp-cold-storage-shrinks-nearly-73-may-indicate-custodial-restructuring/