Large-scale transactions have been recorded in the cryptocurrency market, with $75 million traded. $XRPapproximately $108 million at current rates was transferred from Ripple wallets to the Coinbase exchange. Despite the scale and nature of the sale, there are calls to not jump to conclusions about the “sale” and instead view the incident through the lens of the company’s latest business model.
According to Whale Alert and XRPWallets, some of the funds passed through a series of Ripple subwallets before being deposited into Coinbase. The transaction occurred when $XRP is trading around $1.44. The graph shows pressure. However, the asset remains at a major support level.
Why $108 million Coinbase move supports Ripple’s ‘North Star’ strategy
This move coincides with the following recent statement from management: $XRP It remains the “north star” of their ecosystem. Therefore, experts see this move as market depth management rather than classic dumping.
Ripple 50 to Ripple 50 subwallet will be sent to multiple subwallets and some amount will be sent to Coinbase subwallet. https://t.co/DP9mYFKAHj
— $XRP_Liquidity (@XRPwallets) April 21, 2026
This deal also supports local accumulation in spot $XRP ETF. Since April 10th, there has been a total inflow of $67.47 million each day. Large transfers to Coinbase may be tied to the exchange’s role as an authorized participant or custodian.
In this case, Ripple is not “selling” Northstar, but rather supplying the market with the amount of assets needed to avoid price differentials during the execution of large fund orders.
Additionally, in 2026, Coinbase will often serve as a distribution “hub” as Ripple aggressively integrates its services with institutional investors. $XRP To the ODL (on-demand liquidity) corridor. Perhaps what we are seeing is not an outlet for cash, but a refueling of the “fuel tank” for large-scale institutional operations.
