✹ On-Chain Evidence of XRP Movement

📉 Coinbase’s visible $XRP reserves dropped sharply from 780M → <200M between June–Aug 2025 (≈69% decline).

🔎 XRPScan confirms this plunge.

⚡ Instead of a sell-off, Coinbase cut its XRP wallets from 52 → ~10–16, each holding 16.5M XRP.

👉 This uniform distribution points to custody restructuring rather than dumping.



✹ Why BlackRock’s Name Is Involved


  • Coinbase Prime provides custody services for large clients, fully integrated with BlackRock’s Aladdin platform.

  • This lets institutions gain crypto exposure without holdings showing up on public exchanges.

  • Analysts argue the XRP transfer may simply be assets moving into institutional custody accounts.


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    ✹ What We Know vs. What We Don’t

    ✅ Coinbase XRP reserves dropped & wallets consolidated.

    ✅ Coinbase + BlackRock have an active custody partnership.

    ❌ No proof or filings confirm BlackRock buying XRP.

    ❌ Neither BlackRock nor Coinbase has made disclosures.

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⚠ Bottom line: Institutional reallocation is likely — but claiming it’s BlackRock specifically is still speculation.



✹ Implications for XRP Holders


Some feared a sell-off, but AiMan clarified:


“It’s not a sell-off. Coinbase is not selling XRP. Don’t sell yours.”

  • If true, this move means reduced exchange supply + possible institutional demand.

  • For XRP believers, this strengthens the case for long-term accumulation.



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🚀 Final Word

Coinbase’s on-chain XRP activity confirms big changes. BlackRock’s name in the mix adds fire to the rumor, but until formal disclosure, it’s still intriguing speculation, not confirmation.


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