Coinbase’s XRP Holdings Plummet: What’s Driving the Shift?

Coinbase, a prominent U.S.-based cryptocurrency exchange, has seen a significant decrease in its XRP holdings. Data from blockchain analytics firm XRPwallets reveals that Coinbase now holds approximately 132 million XRP across eight cold wallets, down from 200 million just a week ago and previously reaching up to 750 million. This substantial drawdown raises eyebrows among financial experts as they try to understand the driving force behind this change. Several theories abound, with speculation centering on Coinbase’s recent partnership with BlackRock’s Aladdin platform.