The whispers, you see, they cling to the digital ether like dust motes in a forgotten attic. XRPwallets – a chronicler of these flickering transactions, a sort of digital babushka – has noted a curious thinning of Coinbaseās XRP reserves. A vanishing, almost. A subtraction of half a billion coinsā¦ as if theyād simply evaporated into the cloud. One wonders, does anyone *really* know where these coins go? Probably not. š¤·
And a name, of course. There is always a name. A major player, they say, a shadow moving behind the curtain. Something, it seems, is explaining this ratherā¦substantial reduction in holdings.
Coinbase’s Shrinking Pile
The lists are published, meticulously compiled, like inventories of a vanished estate. Binance, Upbit, Crypto.com, Coinbaseā¦ all ranked, all measured. The latest accounting, a recent proclamation of sorts, presented today, differs from the one of two months past. A shifting landscape. Always shifting.
Once, Coinbase possessed 780.13 million XRP – a sizable sum, a fortress of digital value. Fifth in order, a respectable position. Now? Now theyāve beenā¦relegated. Dropped to tenth place, holding a meager 199.473 million XRP. A paltry sum, really, for such a grand institution. Itās as if they’re clearing out the attic, deciding what truly matters. And whatās the reason for this sudden austerity? Ah, yesā¦ BlackRock.
1/2 Coinbase now has 200M XRP previously 750M XRP. Blackrock? See below article and tracking of Coinbase Cold Wallets.
200M??? I think what’s left is mostly retail XRP. I also believe Uphold, Binance, Upbit are similar. When Ripple starts sending all those XRP’s….– XRP_Liquidity (Larsen/Britto/Escrow/ODL/RLUSD) (@XRPwallets) September 1, 2025
BlackRock: The Silent Partner?
An article, disseminated by Coinbase itself – a curious self-revelation, wouldn’t you agree? – announced a communion of sorts. A partnership with the titan, BlackRock. Coinbase, offering its wares – digital baubles – to BlackRockās Aladdin platform. First Bitcoin, naturally, the elder statesman of the crypto world. But thenā¦ inevitably, XRP. Itās all soā¦ predictable. š
Are institutions stirring? Are they dipping a toe into the swirling waters of Ripple’s creation? Perhaps. Perhaps they are simply attempting to make sense of the chaos. To find order in the absurdity. To profit, of course. One always profits. It’s the natural order of things. Like rain. Like taxes. Like the relentless march of time. And BlackRock, like a patient angler, waits for the bite.š£
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2025-09-01 14:53