Coinbase’s XRP Reserves Shrink: Community Eyes Potential Suppression

Coinbase continues to reduce its XRP holdings, leaving only eight active cold wallets with significant balances. This drastic shift in storage patterns has sparked scrutiny and speculation within the XRP community. 8 cold wallets now hold roughly 16.5 million XRP, down significantly from Coinbase’s previously held reserves. The move coincides with a marked decline in XRP price, fueling accusations of manipulation from some investors and analysts who believe Coinbase might be suppressing market growth.