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A large-scale movement of XRP has been detected in the virtual asset market, drawing the attention of investors.
U.Today reported on April 21 that 75 million XRP were transferred from a Ripple wallet to the Coinbase exchange. The transaction volume amounts to approximately $108 million at current market prices. While a large volume of assets flowed into the exchange, the prevailing analysis suggests that this should not be seen as simple selling pressure. Experts are viewing this movement from the perspective of Ripple's updated business model and strategic approach.
According to whale tracking services Whale Alert and XRPWallets, the funds were deposited into Coinbase via several sub-wallets. XRP is currently trading around $1.44. Although the chart shows some pressure, key support levels remain solid. Ripple executives recently reiterated that XRP is the "North Star" of the ecosystem. Experts interpret this fund movement not as a mere dumping but as a step to manage market depth.
This transaction also aligns with the inflow trend of the Spot XRP ETF. Since April 10, daily net inflows have occurred, accumulating a total of $67.47 million. The large-scale transfer to Coinbase is interpreted as the exchange acting as a designated participant or custodian. Ripple is not selling assets but rather providing liquidity to prevent price discrepancies during the execution of large fund orders. This is a strategic choice to provide the necessary volume to the market in a timely manner.
Since 2026, Ripple has been actively integrating with institutional custody services. Coinbase often serves as a hub for distributing XRP through On-Demand Liquidity (ODL) pathways. This movement is analyzed not as a cash-out purpose but as a liquidity refill for large-scale institutional activities. Ripple aims to stabilize the market by reflecting institutional investor sentiment. The large-scale asset movement is expected to be a catalyst for increasing market efficiency in the future.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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