Coinbase Sees Massive XRP Whale Transfer Amid Market Selloff

A significant transfer of 26.67 million XRP tokens, worth approximately $59.9 million, to Coinbase has raised concerns about further selling pressure on the cryptocurrency. This whale activity comes as XRP experiences its fourth consecutive day of declines, now trading below its 50-day moving average. The broader crypto market is also facing weakness, with over $1.16 billion in liquidations reported across exchanges, predominantly affecting long positions. The timing of this large transfer has intensified fears of a continued downturn, as investors watch for potential market reactions.

XRP Whale Transfer Sparks Selloff Fears Amid Market Downturn

A massive XRP transfer worth $59.9 million to Coinbase has intensified selling pressure on the embattled cryptocurrency. The movement of 26.67 million tokens from an unknown wallet coincides with XRP''s fourth consecutive day of declines, now trading below its 50-day moving average.

The whale activity compounds broader market weakness, with over $1.16 billion in crypto liquidations reported across exchanges. Long positions bore the brunt of the damage following last week''s failed rally attempt.

XRP''s 5.24% daily drop reflects growing investor anxiety as large exchange deposits typically precede significant sell orders. The token''s struggle to maintain support at $2.15 highlights the persistent bearish sentiment engulfing digital asset markets.

New Crypto Rules in 2025 Could Propel Market to Record Highs

The second half of 2025 is poised to be a transformative period for the crypto market, driven by rising institutional adoption, favorable economic conditions, and regulatory advancements. Coinbase Institutional''s latest report highlights Bitcoin and ethereum as primary beneficiaries, with potential new all-time highs on the horizon.

David Duong, Head of Research at Coinbase Institutional, cites stronger U.S. economic growth, anticipated Federal Reserve rate cuts, and clearer crypto regulations as key catalysts. The Atlanta Fed''s GDPNow estimate of 3.8% growth underscores a stable macroeconomic backdrop, further bolstering the case for digital assets.

Despite the optimism, Coinbase warns of latent risks. The growing trend of public companies using debt to purchase Bitcoin—exemplified by Galaxy Digital''s data on 228 corporations—could introduce long-term vulnerabilities to the market.