Coinbase XRP Holdings Jump After Wallet Label Update

Coinbase appeared to receive a massive 5.5 billion XRP inflow on September 8, triggering speculation across the crypto market. However, blockchain explorer XRPScan quickly clarified that no major XRP purchase or transfer had occurred. Instead, the apparent surge resulted from previously unidentified Coinbase wallets being newly labeled. The XRP Rich List Bot initially reported Coinbase holdings rising by 5,569,165,957 XRP, an extraordinary 4,870.7% increase within one hour. At almost the same time, the amount categorized under unknown wallets dropped by a similar figure. XRPScan confirmed at…  Read more

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