Coinbase Transfers 29.5M XRP Tokens From Cold Wallet to Hot Wallet, Igniting Fresh Speculation About Price Action

This large-scale token migration, amounting to tens of millions of dollars, suggests that Coinbase may be preparing to facilitate immediate XRP-related activity.

A substantial on-chain movement involving XRP has raised eyebrows among crypto watchers, sparking speculation about potential price action.

According to blockchain observer Xaif, over 29.5 million XRP tokens were recently transferred from Coinbase Institutional’s cold wallet to its hot wallet. This event may signal a major injection of liquidity into the market, setting the stage for heightened XRP volatility.

Liquidity Shift Raises Eyebrows

This large-scale token migration, amounting to tens of millions of dollars, suggests that Coinbase may be preparing to facilitate immediate XRP-related activity. Cold wallets, typically used for secure long-term storage, are not directly connected to the internet and rarely see sudden movements unless a deliberate change in strategy or operations is underway.

On the other hand, hot wallets are connected and ready for instant transactional use, whether for trading, withdrawals, or internal liquidity support. The shift of 29.5 million XRP to a hot wallet implies a readiness to engage in market activity, either to meet anticipated user demand or to support upcoming trading opportunities.

While the exchange hasn’t issued a public statement regarding the transfer, the movement itself is seen as a notable event that could precede an increase in XRP price volatility.

Timing and Market Implications

This development comes amid a surge of institutional interest in XRP, bolstered by growing optimism around exchange-traded fund (ETF) discussions, regulatory clarity following the Ripple vs. SE ...