A new viral theory is spreading through the crypto community, linking BlackRock to a massive on-chain movement of $XRP! ๐ง Here's what's fact and what's pure speculation.
The Evidence:
On-chain data from XRPScan shows a dramatic drop in Coinbase's visible XRP reserves, from ~780 million to under 200 million between June and August.
This wasn't a sell-off! The tokens were consolidated into a smaller number of wallets with uniform balances, pointing to a technical restructuring rather than market distribution.
The BlackRock Connection (The Rumor):
Coinbase Custody provides services for institutional giants like BlackRock through its Aladdin platform.
Speculators believe the XRP was simply moved from public exchange wallets into segregated custody accounts for a new, major institutional client.
The name on everyone's lips? BlackRock. ๐คซ
What We Know FOR SURE:
Coinbase's XRP holdings have indeed been reshuffled.
The custody partnership between Coinbase and BlackRock is active and well-known.
However, neither BlackRock nor Coinbase has confirmed a direct link to the purchases. Any claims of BlackRock buying XRP are purely speculative at this stage.
This is a critical moment for $XRP. If confirmed, institutional adoption of this scale could be a game-changer! For now, treat the rumor with caution. The potential is real, but the proof is not. ๐
#XRPArmy #CryptoRumors #BlackRock #InstitutionalCrypto #OnChainData
