Remaining Coinbase XRP Wallets Plummet by 83%, Leaving Just a Few
In a surprising turn of events, Coinbase's XRP reserves have witnessed a significant decrease, with the number of tokens dropping from over 970 million in June 2025 to approximately 165 million today. This represents an 83% drop in visible reserves on the major U.S. exchange.
The tracking data reveals that the distribution of XRP is aligned with price levels, with portions of cold storage being sold off or reassigned as XRP traded higher through the summer. The reduction of XRP tokens on Coinbase is attributed to large amounts being withdrawn or moved from Coinbase cold wallets, indicating token outflows from the exchange.
The first cold wallet withdrawal occurred approximately three months ago, and the most recent withdrawals are dated close to the present time (September 2025). Initially, Coinbase held about 25,526,876 XRP in Cold 210 and 25,498,189 XRP in a bunch of others. However, the structure has now collapsed to just 10 wallets, all sitting near the 16.5 million mark.
The 16.5 million figure across the last ten addresses suggests a scheduled drawdown rather than random withdrawals. This change means that XRP is being pulled into on-demand liquidity corridors, exchange-traded products, and trust structures, reducing the amount of XRP visible on Coinbase.
The timeline of the drop in XRP reserves on Coinbase coincides with its partnership with BlackRock. However, the specific reasons for this decline remain unclear. The remaining XRP supply on Coinbase will depend on Ripple's escrow releases, corporate holdings, and founder allocations once the current cold wallets are depleted.
It's worth noting that the article also mentions a potential threat to the XRP rebound due to a large hourly liquidation imbalance that could impact long traders. This could indicate a shift in market dynamics as a result of the reduced reserves on Coinbase.
However, the text does not contain information about the current price of XRP or any other cryptocurrencies, nor does it discuss the implications of the drop in XRP reserves on Coinbase for the broader cryptocurrency market. Furthermore, no information is provided about the implications of this development for the long-term future of XRP or its position within the cryptocurrency ecosystem.
