Coinbase Under Fire for XRP Manipulation: Analyst Highlights Suspicious Selling Patterns

Crypto expert Stern Drew raises concerns about Coinbase’s recent drastic reduction in its XRP holdings, suggesting coordinated market manipulation. The analyst points to a sharp 69% drop in XRP holdings from 780 million to just 199 million over weeks as suspicious and suggests it could be part of a strategic effort to depress XRP’s value. The timing coincides with price drops, fueling suspicions about Coinbase’s market influence.