▶ Coinbase Website: Coinbase.com
▶ CEX Website: cex.io
Coinbase’s XRP cold wallets plunged from 52 to just 6—what really happened? I walk you through the on-chain breadcrumbs: nearly 970M XRP once tucked in cold storage, suddenly moving in 16M-sized chunks, with Whale Alert pinging “unknown” transfers that matched XRPScan traces back to Coinbase. Cold wallets fed hot wallets, then XRP flowed to exchanges and private addresses—classic withdrawal activity. The twist? Those reserves shrank to ~98M XRP, an 89.8% drop, and Coinbase stayed silent.
From bank-vault analogies to a community debate in Discord, I weigh the theories—supply shock whispers vs. simple self-custody and profit-taking—while keeping a clear reality check. I’m an XRP holder, but I’m not chasing hype; I’m watching the data and the story evolve. If this breakdown helps, subscribe for more in-depth crypto breakdowns. #XRP #Coinbase #CryptoNews
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Timestamps
00:00 90% XRP gone on Coinbase
01:44 Buckle up for the XRP mystery
03:28 52 wallets and holdings
05:12 Whale Alert flags big transfers
06:56 Cold to hot to exchanges
08:40 Why are withdrawals surging?
10:24 Six wallets left 98M XRP
12:08 Bank vault analogy
13:52 Coinbase silent on outflows
15:36 Self-custody and user shifts
17:20 Community debate on Discord
19:04 Leaning bullish on supply shock
20:48 Transparent yet mysterious ledger
22:32 Diversify and stay cautious
24:17 Final thoughts
▶ Coinbase Website: Coinbase.com
▶ CEX Website: cex.io
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