Rich by Coin

An unusually large XRP transfer was recorded, involving roughly 89.8 million XRP, valued at about $119 million, moving from a primary wallet to a Coinbase-linked address via an intermediary wallet. According to WhaleAlert.io, the movement began at wallet rMWqYat3nJXSLoyqB5tUsfYp6KLgoMHXTN and was routed first to an intermediary address rwnYLUsoBQX3ECa1A5bSKLdbPoHKnqf63J before arriving at the Coinbase-linked address rRmgo6NW1W7GHjC5qEpcpQnq8NE74ZS1P.

Such “whale” transfers on centralized exchanges are often read as signals that holders may be preparing to sell or rebalance positions, given the higher liquidity and immediate tradability. While motives are not certain, the size and timing of the move draw scrutiny from traders and analysts. The development underscores ongoing attention to XRP flows and liquidity dynamics on major on-ramps.