Altcoins News
By Pankaj K
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Coinbase Cold Wallets Shrink Significantly. According to updates from the community commentator “XRP Liquidity”, Coinbase now has only two…
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Recent Fund Movements. On-chain analysis shows a steady transfer of XRP from cold to hot wallets, likely to satisfy…
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Implications for XRP Supply. The rapid depletion of Coinbase’s cold wallets has triggered discussions in the crypto community.
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Historical Context. Previously, Coinbase held 52 cold wallets with XRP totaling $2.88 billion in June 2025.
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Market Reaction and Speculation. Community discussions suggest a mix of optimism and concern.
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Conclusion. Coinbase now holds only two XRP cold wallets, each containing about 16.
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Coinbase’s XRP reserves have seen a dramatic decline in recent months, with only two cold wallets remaining.
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According to updates from the community commentator “XRP Liquidity”, Coinbase now has only two cold wallets holding XRP. Each wallet contains roughly 16.4 million XRP, totaling 32.
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This represents a 96.59% drop from the $2.88 billion previously stored across 52 cold wallets just three months ago.
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On-chain analysis shows a steady transfer of XRP from cold to hot wallets, likely to satisfy withdrawal requests or facilitate platform transfers. For instance:
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Cold 124 moved 16.483 million XRP to Coinbase (10) hot wallet on September 18, 2025.
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These hot wallets quickly distributed XRP to other platforms and addresses, including Stake, Binance, ChangeNow, and Hype, following the pattern observed in prior movements.
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This trend highlights the shift from long-term storage to active circulation, reflecting increased liquidity and the potential for higher trading activity.
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Previously, Coinbase held 52 cold wallets with XRP totaling $2.88 billion in June 2025. A report from The Crypto Basic four days ago indicated six cold wallets holding 98.
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The ongoing reduction in cold wallets mirrors a larger trend in crypto exchanges reallocating assets from cold storage to active wallets to meet user demand.
The Currency Analytics
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