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Coinbase's XRP holdings spike due to wallet reclassification, not new purchases or inflows.

Market News
09 Sep 2026
Coinpaper
View Source
Neutral
Coinbase's XRP holdings spike due to wallet reclassification, not new purchases or inflows.

Coinbase's XRP balance appeared to jump by over 5.5 billion XRP overnight, but this was due to XRPScan identifying and labeling 146 previously unknown Coinbase wallets, moving XRP from an 'Unknown' category into Coinbase's total. This reclassification caused speculation of a large accumulation, but it was not an actual inflow or purchase. Coinbase now ranks third on the XRP rich list with about 5.68 billion XRP across 152 accounts, though much of this represents pooled customer funds, not Coinbase's own investment. Meanwhile, XRP's price rose about 2.7% in 24 hours amid positive regulatory developments.

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