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Coinbase's XRP holdings spike due to wallet reclassification, not new purchases, clarifies blockchain data.

Market News
09 Sep 2026
Tokenpost
View Source
Neutral
Coinbase's XRP holdings spike due to wallet reclassification, not new purchases, clarifies blockchain data.

Coinbase's reported XRP holdings surged by 5.5 billion tokens on September 8, but this was due to reclassification of previously unidentified wallets, not an actual inflow or purchase. Blockchain explorer XRPScan confirmed the change reflected updated wallet labels, moving tokens from unknown to Coinbase accounts. This update improves transparency but does not indicate increased buying or affect Ripple's escrow schedule. Investors should view the 5.68 billion XRP as Coinbase's custody and customer inventory, not new demand.

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