Coinbase XRP deposit: 35,122,576 XRP (≈$99,004,973) was deposited to Coinbase by a whale, increasing on-exchange supply and following multiple large September XRP movements, including a 1 billion XRP Ripple escrow unlock.
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35,122,576 XRP moved to Coinbase in a single whale transfer
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The deposit follows other large September transfers and a 1 billion XRP unlock by Ripple.
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Reported prices show XRP trading near $2.84; large flows may affect on-exchange liquidity and short-term price action.
Meta description: Coinbase XRP deposit: 35,122,576 XRP added to Coinbase wallet, ~$99M. Read quick analysis and regulatory context. Stay informed with COINOTAG.
What is the Coinbase XRP deposit?
Coinbase XRP deposit refers to a whale transfer of 35,122,576 XRP worth approximately $99,004,973 deposited to the Coinbase exchange. Blockchain trackers reported the transfer from an unknown wallet, increasing Coinbase’s XRP holdings and adding to a string of large September XRP movements.
How large was the whale transfer to Coinbase?
The transfer totaled 35,122,576 XRP, valued at about $99,004,973 at the time of reporting. This move follows earlier September transfers of 236,982,903 XRP and 257,105,694 XRP between unknown wallets, and a 1 billion XRP escrow unlock by Ripple recorded on Sept. 1.
Why does this Coinbase XRP deposit matter?
Large on-chain deposits to exchanges often precede increased selling pressure or redistribution of supply. The Coinbase XRP deposit is notable because it occurred amid several high-volume XRP moves and a scheduled Ripple escrow unlock, which together alter available supply on exchanges.
What is the regulatory context for spot crypto trading?
The SEC and CFTC issued a joint statement clarifying that registered entities under both agencies are not categorically prohibited from facilitating certain spot crypto product trading. Reporter Eleanor Terrett conveyed comments attributed to SEC Chairman Paul Atkins noting that market participants should have choice in where they trade spot crypto assets.
Frequently Asked Questions
How does a whale transfer affect XRP price?
Large transfers to exchanges can increase available sell-side supply, which may pressure prices if the deposit is sold. However, context matters: market depth, concurrent buys, and broader liquidity determine the actual impact.
Who reported the regulatory joint statement?
The regulatory clarification was reported by crypto reporter Eleanor Terrett. It referenced statements from the SEC’s Division of Trading and Markets and the CFTC’s Divisions of Market Oversight and Clearing and Risk.
Key Takeaways
- Significant on-exchange inflow: 35,122,576 XRP (~$99M) was deposited to Coinbase, signaling increased exchange supply.
- Broader September activity: Multiple large transfers and a 1 billion XRP Ripple escrow unlock occurred earlier in September.
- Regulatory clarity: The SEC and CFTC issued a joint statement supporting coordinated processes for enabling certain spot crypto trading.
Conclusion
The Coinbase XRP deposit of 35,122,576 XRP adds to a series of large XRP movements in early September and occurs alongside regulatory steps from the SEC and CFTC to clarify spot crypto trading. Monitor exchange flows and order books for near-term price signals. Stay updated with COINOTAG for developments and on-chain data analysis.
