The XRP Ledger is busy again—but not in the way most expect.
Billions in XRP are shifting behind the scenes. Not sold. Not lost. Relocated. Repositioned. Rewired.
These wallet moves tell a deeper story. Let’s follow the flow—and find out where the XRP is going.
📉 Coinbase: From 970M to 588M—The Great Custody Cut
June 9, 2025: Coinbase holds 970 million XRP across 52 cold wallets.
- 10 wallets store 26.8M XRP each.
- 42 carry 16.8M XRP apiece.
By July 29? Only the 16.8M tranche remains. The 26.8M wallets? Vanished.
But this wasn’t a sell-off. It was a cold structure. A migration of assets—quiet, calculated, and possibly connected to Ripple’s On-Demand Liquidity (ODL) system.
The new destination? Some flowed into BitGo and Bitstamp, both key ODL players. This XRP Flow wasn’t an exit. It was a strategic repositioning.
🔁 Uphold Sends 214M XRP Into the Deep
Uphold made its move on July 9.
Two hundred fourteen million XRP—worth nearly $500 million—moved into a freshly created internal wallet.
Why? No explanation from the exchange, but blockchain doesn’t lie. This transition wasn’t a panic dump. It was likely cold storage rotation—or perhaps staging XRP for institutional access.
🐋 Whale Watch: $1B XRP Rippled Through July
Early July saw whales stir.
Over 600M XRP (~$1 billion) moved between dormant addresses and new wallets. At the same time, Ripple’s escrow routine unlocked 1 billion XRP, relocked 700M, and left 300M active.
Combined, that’s a significant market repositioning—not just by exchanges, but by those closest to Ripple itself.
🔗 The Bigger Picture: Infrastructure Shift
These wallets move isn’t about short-term price.
It’s about long-term control.
XRP is moving from retail-facing wallets to infrastructure-grade custody. It’s evolving from a trading token to a liquidity utility layer—the digital Panama Canal for money.
You read that right: if Panama was for ships, XRPL is for money 🛳️💸.
And if you’re still thinking XRP is just another altcoin, you’re not paying attention.
Want clues straight from the source? Follow Ripple’s official updates and read the ledger, not the headlines.
📊 Charting the Silent Exodus
🧠 What It All Means
- On-exchange XRP supply is shrinking.
- Custody is being consolidated.
- ODL and institutional pathways are expanding.
Retail holders may see thinner liquidity. But Ripple’s ecosystem is gearing up for something much bigger—perhaps ETFs, stablecoin corridors, or even tokenized bank infrastructure.
Wallets’ flow is not a crisis. It’s a chess move.
🎯 Final Word
The XRP migration is silent, but strategic.
It’s not leaving the system. It’s just moving to a different level of it. Into custody. Into compliance. Into circulation for the next evolution of money.
If you’ve been watching the price, zoom out.
Follow the flows. The whales already are.