Ripple has moved 75 million XRP across multiple wallets, with 50 million tokens ultimately transferred to Coinbase, drawing attention from market watchers.
Key Takeaways
- Ripple transferred 75 million XRP, worth over $107 million, across several wallets.
- 50 million XRP reached Coinbase wallets, while 25 million remained in separate addresses.
- The move aligns with institutional activity and XRP ETF inflows, not necessarily a sell off.
- XRP price rose about 4.9% this week, trading near $1.43 to $1.44.
What Happened?
Ripple initiated a series of XRP transfers on April 20, routing funds through multiple wallets before directing a portion to Coinbase. The structured movement of funds has sparked debate about whether the transfers signal selling pressure or strategic positioning.
🚨 🚨 🚨 🚨 🚨 75,000,000 $XRP (107,058,283 USD) transferred from #Ripple to unknown wallethttps://t.co/sWWHqfjG51
— Whale Alert (@whale_alert) April 20, 2026
Ripple Routes 75 Million XRP Across Wallet Network
The transaction sequence began on April 20 at 19:52 UTC when a Ripple-linked wallet transferred 50 million XRP worth $71.5 million to another internal wallet known as Ripple (50). This wallet later consolidated its holdings to 121.5 million XRP.
Shortly after, Ripple moved 75 million XRP valued at $107.25 million to another address, which redistributed the funds rapidly. Within minutes, the tokens were split into five wallets, each receiving 15 million XRP.
This multi step routing approach reflects a structured fund management strategy rather than a direct transfer to exchanges.
50 Million XRP Sent to Coinbase Wallets
Following redistribution, a portion of the XRP was funneled toward Coinbase linked addresses.
- One wallet combined its holdings and sent 25 million XRP to a Coinbase address.
- Another route transferred 25 million XRP to a second Coinbase wallet.
- In total, 50 million XRP reached Coinbase, while 25 million XRP remained in separate wallets.
Notably, one of the Coinbase wallets involved has previously been linked to transactions associated with Ripple Chairman Chris Larsen.
Strategic Move or Sell Pressure?
The transfers have triggered speculation about a potential sell off. However, recent commentary suggests a different perspective.
Ripple has increasingly positioned XRP as the core asset or “north star” of its ecosystem, under what has been described as its Polar Star strategy. The routing of funds through multiple wallets and eventual transfer to Coinbase may support liquidity management and institutional operations, rather than immediate selling.
At the same time, the movement coincides with growing interest in a spot XRP ETF, with reported daily inflows of $67.47 million since April 10. This suggests the transfers could be linked to market depth provisioning for larger players.
XRP Price Holds Strong Amid Activity
Despite concerns, XRP has shown resilience in the market.
- The token gained 4.9% over the past week.
- It traded between $1.43 and $1.44 at press time.
- XRP ranked as the top performer among the ten largest cryptocurrencies.
The price stability suggests that the market has not interpreted the transfers as bearish, at least in the short term.
CoinLaw’s Takeaway
In my experience, large transfers like this often look scary at first, but context matters more than size. What stands out to me is how structured and deliberate these movements were. This does not feel like a panic sell. It feels like planning.
I found the connection to institutional flows and ETF demand especially important. If Ripple is positioning XRP for deeper institutional use, then these transfers could actually signal strength rather than weakness. Still, the criticism from Charles Hoskinson raises valid concerns about transparency and value distribution, which investors should not ignore.
