A significant transfer of $58 million worth of XRP tokens has been recorded from an anonymous wallet to Coinbase, marking the first substantial movement tracked by Whale Alert since June 12th. This follows Ripple’s previous large transfer of $498 million XRP on June 6th. This raises questions as to why such a substantial transfer would occur outside of their usual escrow movements. The recent surge in XRP trading activity, currently at around $2.16 per token with a market cap exceeding $127 billion, has prompted discussions about its growing corporate adoption, particularly after several micro-cap companies implemented XRP-based treasury plans. Ripple CEO Brad Garlinghouse recently fueled speculation regarding the potential for XRP to secure a 14% share of SWIFT’s cross-border payment volume.