$XRP P community is buzzing again! Huge on-chain activity is shaking the ecosystem, and rumors went viral that Coinbase has completely emptied its XRP cold wallets. But is this true? Let’s dive in...

The Viral Buzz

Analytics account XRP_Liquidity dropped a bomb on X: Coinbase’s XRP cold wallets hit ZERO. The timing? Suspiciously close to:

  • Ripple CEO Brad Garlinghouse’s wedding 🎉

  • BlackRock expanding its crypto footprint 🏦

  • Naturally, traders, analysts, and investigators rushed to check the ledger.

What XRPL Really Shows

  • Early June 2025: 50+ Coinbase-tagged wallets held nearly 1B XRP.

  • Summer: Huge transfers, billions moving out.

  • Mid-September: Only a few wallets left, holding tens of millions.

  • 👉 That’s a massive reduction, yes — but NOT “zero.”

Vet’s Reality Chak
Top XRPL validator Vet fired back:



“Are you really going to believe Coinbase has ZERO XRP while it’s still listed and traded there?”

💡 His point: Coinbase probably just shuffled funds into new, unlabeled wallets. Remember — wallet labels on XRPL are community-sourced. New wallets may not be mapped yet.


The Real Takeaway

  • True ✅: Coinbase-tagged XRP cold wallets shrank big time.

  • False ❌: Coinbase didn’t “abandon” XRP. Holdings likely got redistributed to new custody wallets.

  • ⚠️ Lesson for investors: Social media alerts can spark panic 🚨, but without full context, even on-chain data can mislead.


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