A recent update from Whale Alert, a popular blockchain detective who monitors large crypto transfers, revealed that the largest cryptocurrency exchange in the United States has been surprised by a massive XRP transaction. Additional on-chain data sheds light on this deposit.
Meanwhile, XRP prices have fallen sharply after a recent 9% surge.
30,507,683 XRP lands on Coinbase
The aforementioned data source spreads the word about substantial XRP chunks of 30,507,683 coins. This amount of crypto was valued at $91,621,219 at the time of the commencement of transactions.
🚨🚨🚨30,507,683 #xrp (91,621,219 USD) transferred from unknown wallet to #coinbasehttps://t.co/e9e1pmf0s2
– Whale Alert (@Whale_Alert) August 28, 2025
According to the comments, many in the XRP community believe this is a strategic sale made by crypto whales, as XRP has dropped by around 1.56% in the last 24 hours. The decline has been at 2.66% since Tuesday. At press time, XRP changes hands at $3.001 per coin.
Adding what Xrpscan shares, and looking further into this data shows that, after all, this transaction is an internal transaction, sent from one Coinbase wallet to another. However, the whale alert tagged only the incoming wallet as Coinbase.
