Coinbase has significantly reduced its XRP holdings, cutting reserves by 83%. The exchange’s XRP wallets dropped from 60 to just 10, reflecting a sharp decline in on-platform reserves. This move may signal shifting strategies around liquidity management, reduced user demand, or preparation for regulatory developments. The drastic reduction could impact market sentiment, as Coinbase is one of the largest U.S. exchanges.
XRP
2.2216
-0.67%