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Coinbase ranks 3rd largest XRP holder after labeling 146 wallets, revealing 5.5B XRP previously unidentified.

Protocol Fundamentals
09 Sep 2026
Dailycoin
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Neutral
Coinbase ranks 3rd largest XRP holder after labeling 146 wallets, revealing 5.5B XRP previously unidentified.

Coinbase has been identified as the third-largest holder of XRP after blockchain data platforms labeled 146 previously unknown wallets as Coinbase-owned, totaling 5.5 billion XRP. This update corrected an earlier automated alert that mistakenly suggested a sudden transfer of XRP to Coinbase, clarifying it was a re-labeling of wallets rather than a new acquisition. Coinbase now holds over 5.8% of all XRP supply across 355 accounts, trailing only behind Upbit and Ripple Labs. This enhanced transparency provides clearer insight into XRP ownership but does not immediately impact XRP's price, which is currently trading near $1.43 amid broader market movements.

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