Coinbase Reacts to Ripple Co-Founder’s Massive XRP Transfers Amid Market Dip

Ripple co-founder Chris Larsen has transferred 50 million XRP tokens, worth approximately $170 million, to multiple wallets, sparking bearish sentiment in the market. The transactions, which began on July 17, 2025, were distributed across four wallets—two potentially linked to exchanges and two newly created addresses. This move has contributed to a noticeable dip in XRP's price, with over 450 million XRP (valued at more than $2.8 billion) affected by the market reaction. As one of the leading cryptocurrency exchanges, Coinbase is closely monitoring the situation, as such large-scale transfers often lead to increased volatility and trading activity. Investors are advised to stay informed as the market digests these developments.

XRP Price Dips Amid Large Token Transfers by Ripple Co-Founder

Ripple co-founder Chris Larsen has moved 50 million XRP tokens worth approximately $170 million to multiple wallets, triggering fresh bearish pressure on the cryptocurrency. Blockchain data reveals the transfers began on July 17, with funds distributed across four wallets—two potentially linked to exchanges and two newly created addresses.

The market reaction has been swift. Over 450 million XRP, valued at more than $2.8 billion, has been sold in the past week as investor confidence wanes. XRP currently trades NEAR $3, struggling to breach the critical resistance zone between $3.18 and $3.25.

Despite the sell-off, technical indicators hint at a potential rebound. The token recently found support at $3.04, aligning with Elliott Wave Theory patterns, while shorter-timeframe RSI readings suggest underlying strength.

XRP Price: Network Activity Collapses as Whales Accumulate – What’s Next for XRP?

XRP faces a critical juncture as its price hovers near $3.10, marking a 10.3% drop within 24 hours after failing to breach the $3.65 resistance level. Whale activity tells a tale of divergence—while over 280 million tokens were accumulated in ten days, signaling institutional confidence, a separate transfer of 16.8 million XRP to Coinbase has sparked fears of an impending sell-off.

Network metrics paint a concerning picture. On July 24th, new users plummeted to 1,899, with transactions collapsing to 286K. Yet, technical analysts spot a Cup and Saucer pattern forming, hinting at potential bullish continuation despite the current consolidation. The NVT ratio remains elevated at 699, suggesting the asset may be overvalued relative to its network utility.

Market participants are left weighing conflicting signals: whale accumulation against exchange inflows, technical patterns against network stagnation. The next price movement will likely hinge on whether institutional demand can outweigh speculative pressure.

ARK Invest Rebalances Portfolio, Shifts Focus from Exchanges to Blockchain Infrastructure

ARK Invest, under CEO Cathie Wood's leadership, has sold approximately $13 million in Coinbase (COIN) and Robinhood (HOOD) shares. The sales included 30,501 Coinbase shares ($12 million) and 11,262 Robinhood shares ($1.1 million), executed across multiple ARK funds. This move follows a recent $116 million investment in BitMine Immersion Technologies, an ethereum treasury solutions provider backed by Peter Thiel.

The sales signal a strategic pivot away from crypto exchange exposure toward blockchain infrastructure plays. Despite June's $12.5 million Coinbase share reduction, COIN remains ARKK's top holding at nearly 10% of the fund. ARK's earlier purchases—4,198 Coinbase shares ($1.3 million) and 319,000 Robinhood shares ($24.4 million)—appear part of a broader realignment responding to evolving crypto market dynamics and stablecoin trends.

Ark Invest Rebalances Portfolio with $22M Sale of Coinbase, Block Shares

Ark Invest has executed a strategic rebalance of its crypto-focused ETFs, divesting over $22 million in shares across Coinbase Global, Block Inc., and Robinhood Markets. The firm's ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW) collectively sold $12.1 million worth of Coinbase stock at $396.70 per share, while trimming positions in Block ($9.8M) and Robinhood ($1.1M).

The moves coincide with a 0.28% dip in Coinbase shares and marginal declines for Block and Robinhood. This follows Ark's recent $182 million investment in Bitmine—a digital asset newcomer reporting over $1 billion in Ethereum holdings—signaling a broader institutional pivot toward emerging crypto opportunities.