Whale XRP Big Transaction to Coinbase: A Sign of Price Drop?

Jakarta, Pintu News – The sudden transfer of more than 26 million Ripple (XRP) tokens worth nearly $60 million to leading US crypto exchange Coinbase has sparked concern among investors and analysts. Large transactions like this are often considered a bearish signal, as typically assets are moved onto platforms with the intention of being sold.

Check out the full information in this article!

Transaction Detection by Whale Alert

On June 12, blockchain monitoring firm Whale Alert identified this large transfer at 18:10:01 UTC and immediately announced it on social media. This transfer of 26,671,734 Ripple (XRP) from an unknown wallet to Coinbase caused speculation in a market that was experiencing a bullish trend.

This large transfer comes amidst already existing concerns in the Ripple (XRP) community due to bearish momentum. This adds to the anxiety in the market, especially when considered alongside the liquidation of over $9.51 million worth of long positions in the derivatives market, indicating a shift in trader sentiment.

Also read: Coinbase Launches ‘Coinbase One Card’ at Crypto Summit 2025!

Market and Community Reaction

The market reaction to this large transfer was quite swift, with the price of Ripple (XRP) dropping more than 2% immediately after the announcement. This shows that the market is sensitive to large moves by whales, especially in volatile market conditions.

In May, a similar incident occurred when 230,770,000 Ripple (XRP) was moved between two unknown blockchain wallets. This incident has also attracted widespread attention from the crypto community, confirming that whale activity has a significant impact on price dynamics.

Also read: 3 Crypto DEXs to Buy in June 2025

Speculation and Potential Long-term Impacts

Although the motive behind this transaction is not yet clear, many are speculating that this could be an early sign of heavy selling that could affect the price of Ripple (XRP) further. Investors and analysts continue to monitor on-chain activity for clues about possible further price movements.

It’s important to remember that crypto markets are highly volatile and are affected by a variety of factors, including large trading activities like this one. Therefore, market players should always be alert and ready for rapid changes.

Conclusion

With this major transaction, the future of the Ripple (XRP) price has become a hot topic among investors and analysts. While nothing is certain, this incident is a reminder that the crypto market is always full of uncertainties and surprises, which requires careful monitoring and analysis.

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app through Google Play Store or App Store now. Also, experience web trading with advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto Times. XRP Whale Dumps $60M to Coinbase, Price to Drop Further. Accessed on June 13, 2025
• Featured Image: U Today