Unmasking the $60M XRP Mystery: Big Wallet or Just Coinbase Playing Games?

Oh, the drama unfolds again! On June 3, a colossal tide of 27.1 million XRP—worth a staggering $60.1 million—slid across the digital ocean, heading straight to Coinbase from a shadowy wallet. Or so the world thought. 😎

Whale Alert, the self-proclaimed oracle of crypto gossip, cried out that this was an “unknown wallet” sending XRP to the mighty Coinbase. Naturally, everyone’s eyes widened. Was the whale about to sell its population? Or was some shadowy cabal creeping into the market? The suspense was thicker than a bowl of grandma’s stew! 🍲

Timing? Oh, perfect! XRP was riding a small wave at about $2.24, climbing like a kid on a ladder. Large inflows? Market movers? Traders started nervously nibbling their nails, wondering which way the wind would blow. 🌬️

But hold your horses! Turns out, the “unknown wallet” was as familiar as your neighbor’s dog. It was Coinbase Cold Wallet 188—Coinbase’s own vault of secrets, not some villain lurking in the shadows. The transaction? Pure internal housekeeping—think of it as Coinbase tidying up its sock drawer. 🧦

Normally, such movements are routine—balancing the books, shuffling funds, or giving the hot wallet a little warm-up. No fireworks, no third-party whales making epic moves—just Coinbase being its usual bureaucratic self. So much for the mysterious outsider! 😅

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2025-06-03 19:19