Cardano (ADA) Holdings on Coinbase Rise 462% as XRP Reserves Drop Nearly 98%, May Signal Shifting Demand

• Coinbase ADA holdings rose 462% to ~9.56M ADA, driven by cbADA demand on Base.

• Coinbase XRP reserves fell from ~970M to ~16.39M, a near 98% decline.

• Total cbADA supply now ~9.53M vs. 1.7M at launch, signaling institutional uptake.

Coinbase ADA holdings jumped 462% to 9.56M ADA; learn why this matters and how XRP reserves fell 98% — read the full analysis and implications.

Coinbase’s ADA holdings soar by 462% amid a steep 98% drop in XRP reserves, signaling changing demand trends on the exchange.

• Coinbase’s ADA holdings increased by 462% to 9.56 million tokens, signaling growing demand for wrapped ADA on the Base network.
• The exchange’s XRP reserves plunged from 970 million to 16.39 million, reflecting a 98% decline within a few months.
• Analysts link the rise in ADA reserves to increasing institutional interest and reduced market activity surrounding XRP.

Coinbase ADA holdings have seen a sharp increase in recent months, while its XRP reserves have declined significantly. Data from Coinbase’s Proof-of-Reserves shows the exchange now holds around 9.56 million ADA, marking a notable 462% increase since June.

The surge in ADA holdings aligns with the growth of Coinbase Wrapped ADA (cbADA) on the Base network. The total supply of cbADA currently stands at approximately 9.53 million, reflecting expansion from an initial 1.7 million ADA at launch. The increase suggests a steady rise in user demand for wrapped Cardano assets on Coinbase’s platform.

What caused Coinbase ADA holdings to surge while XRP reserves collapsed?

Coinbase ADA holdings rose due to expanding cbADA supply on the Base network and increased institutional flows into Cardano, while XRP reserves fell as withdrawals, reduced deposits, and lower wrapped-XRP demand depleted exchange balances. Coinbase’s Proof-of-Reserves data quantifies these shifts.

How large is the shift in Coinbase’s reserves and what does it mean?

Coinbase’s ADA position grew from roughly 1.7M to 9.56M ADA — a 462% increase. XRP reserves declined from about 970M to 16.39M — a near 98% drop. Together, these changes highlight a rebalancing of on-exchange liquidity and user preference toward wrapped Cardano products like cbADA.

XRP Reserves Drop by Nearly 98%

In contrast, Coinbase’s XRP reserves have dropped sharply over the same period. The exchange, which once ranked among the top ten holders of XRP, saw its reserves fall from about 970 million tokens to roughly 16.39 million. The wrapped version, cbXRP, mirrors this figure at 16.38 million tokens, indicating the depletion of XRP reserves on the platform.

Cardano DRep Dori highlighted the sharp contrast between ADA and XRP activity on Coinbase. He emphasized that the 462% increase in ADA holdings demonstrates growing institutional interest and user adoption of the asset. Meanwhile, the substantial reduction in XRP reserves may indicate a slowdown in institutional engagement or a decrease in demand for Coinbase’s wrapped XRP product.

Why are analysts linking ADA growth to institutional interest?

Analysts point to increasing cbADA supply (now ~9.53M) and large on-exchange ADA balances as indicators of institutional accumulation and custody use cases. Institutions commonly hold wrapped tokens for smart-contract interoperability and on-chain settlement, which explains rising cbADA demand on the Base network.

Frequently Asked Questions

How did Coinbase’s cbADA supply expand so rapidly?

cbADA supply grew from about 1.7M at launch to ~9.53M as users and institutions bridged ADA onto the Base network, increasing demand for wrapped Cardano assets and custody services on Coinbase.

Will the decline in Coinbase XRP reserves affect XRP’s market price?

Reduced on-exchange XRP reserves can lower selling pressure, but price impact depends on broader market liquidity and demand. The reserve drop is significant but not alone sufficient to predict price direction.

Key Takeaways

• Reserve shift: Coinbase ADA holdings rose 462% to ~9.56M ADA while XRP reserves fell ~98% to ~16.39M.
• cbADA growth: cbADA supply expanded to ~9.53M, suggesting institutional and user demand on Base.
• Market implications: The reallocation may reduce selling pressure for XRP and reflect increased custody demand for ADA.

Conclusion

The data shows a clear reallocation of Coinbase’s reserve composition with Coinbase ADA holdings emerging as a bigger custody position and XRP exposure contracting sharply. This trend underscores growing demand for wrapped Cardano products and a notable reduction in on-exchange XRP liquidity. Monitor Coinbase Proof-of-Reserves updates for further shifts.

Published: October 7, 2025
Updated: October 7, 2025