A well-known blockchain thru alert that tracks large cryptocurrency transfers and shares details about its website and X accounts has found that large XRP transactions are targeting Coinbase, the largest crypto exchange in the US.
According to Whale Alert, an anonymous crypto wallet shoveled 16 million xRP to the crypto trading platform. The move coincided with the announcement of interest rate cuts announced earlier today by the Fed Reserve.
Still, deeper examination of the data shared by another blockchain tracker helped to disclose the anonwhale who created this hefty transaction.
16,483,919 XRP Stancoin Base has the “crypto monster” behind this
According to the aforementioned data source, anonymous blockchain addresses have transferred an impressive 16,483,919 XRP. This amount of cipher is equivalent to Fiat’s $50,856,185.
🚨🚨🚨16,483,919 #xrp (50,856,185 USD) transferred from unknown wallet to #coinbasehttps://t.co/efmmol9pe0
– Whale Alert (@Whale_Alert) September 18, 2025
The comments section has sparked hot debate as many XRP enthusiasts at X decided this was a sign of an upcoming action and something big looming, perhaps due to the announcement of interest rate cuts by Fed Reserve Jerome Powell.
“The whales are preparing for tomorrow,” one user wrote, but another commented.
This is what actually happened with Coinbase
However, XRPSCAN data sheds light on this “mystical” transaction. In reality, it turns out to be an internal transfer as Coinbase moved 16,483,919 XRP from one wallet from one of the other.
As previously reported by U.Today, over the past month, Coinbase’s XRP Holdings size has been dramatically reduced from a wallet of 52 to six. On-chain XRP Tracker @XRPWALLETS believes this was caused by a recent ink-engraved collaboration between Coinbase and BlackRock’s crypto investment company Aladdin.
Overall, this source only names three crypto exchanges, which hold between 1-3 billion XRP. They are Binance, Bitum, and Upbit.
