LAST MINUTE Cryptocurrency Alert 🚨
Coinbase's cold XRP wallets are emptied in a quiet review Read more👇🏼
1 - According to the article "36Crypto"
Coinbase restructures cold storage of XRP and reduces wallet count by 40%
In a surprising yet deliberate action, @Coinbase
initiated a significant overhaul of its XRP cold wallet infrastructure As reported by @XRPwallets
, a major on-chain analyst, the exchange reduced its funded XRP cold wallets from 52 to just 35 — a 40% decrease in the total number of addresses with funds. Each of the remaining wallets now holds exactly 16.8 million XRP, a rebalancing that appears to be part of a broader internal realignment.
Initial data from June 9 showed that Coinbase managed 970 million XRP across 10 wallets with 26.8 million XRP and 42 with 16.8 million. But the latest update from July 29 confirms that only the 16.8 million share remains active, indicating a quiet yet strategic shift in custody management.
2 - XRP outflows suggest deeper strategic movements
This reduction in wallets coincides with large-scale transfers. One of the most notable involved the movement of 16.8 million XRP from a cold wallet named "Cold Wallet 400" to a hot wallet
@Coinbase. These outflows are being closely monitored by the on-chain community, with speculation surrounding the purpose and timing of the transfers.
In response to public inquiries,
@XRPwallets
clarified that at least 8 million XRP are being redirected to new sub-wallets — some of which have links to the
@Bitstamp and @BitGo, both integral to @Ripple's On-Demand Liquidity (ODL) ecosystem
. These associations suggest that the restructuring may be part of a broader liquidity positioning or infrastructure updates.
3 - Ripple Liquidity Network in Focus
The nature and structure of these transfers indicate an intentional strategy, not a response to external pressures. The redirecting of XRP from cold storage to known ODL partners suggests that @Coinbase
aligns more closely with the Ripple liquidity network — potentially preparing for larger volumes or a deeper integration with international payment systems.
The fact that these movements are linked to Bitstamp and BitGo — both major facilitators of real-time XRP liquidity — reinforces the idea that this is an operational evolution, not a security event or asset sale. This reflects a change in how Coinbase manages reserves for strategic deployment, especially in light of growing institutional interest in blockchain-based remittance and settlement systems.
4 - Hundreds of millions in XRP now on the move Although @Coinbase has not made any official comments, the cold wallet realignment has already moved hundreds of millions of XRP in the ledger. With the support of data provided by @XRPwallets
The emerging standard is long-term planning and deeper alignment with the liquidity corridors enabled by Ripple.
Instead of signaling an exit from the market, the radical changes in custody point to Coinbase's growing operational maturity around XRP — and possibly an increasing role of the asset within next-generation payment infrastructures.
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