Whale Moves $119M in XRP to Coinbase as OI Slumps

An investor transferred about 89.8 million XRP (approximately $119 million) to a Coinbase address hours ago, routing the tokens through an intermediary wallet. On-chain records show the exact amount moved was 89,828,700 XRP.

Large inflows to centralized exchanges increase the quantity of coins available to trade. Transfers of this size can also reflect custody movements, over-the-counter settlements or portfolio rebalancing.

Derivatives open interest for XRP has declined sharply since the Oct. 10, 2025 market crash. Data from Glassnode shows open interest fell from roughly 7 billion XRP in early October 2025 to about 2 billion XRP and more recently to around 1.5 billion XRP.

CoinGlass data indicates open interest surpassed $10 billion in July 2025 when XRP reached about $3.60, then contracted by more than $5.5 billion in the 12 days following the Oct. 10 crash.

Glassnode also reported that investors who bought XRP above $2 during the prior year have been registering daily losses in a range of about $20 million to $110 million since November 2025.

Santiment’s retail sentiment metric shows XRP community sentiment at its third-weakest reading in two years, with the ratio of positive-to-negative comments on X and Reddit in what Santiment describes as the “FUD” zone. Santiment wrote: “Historically, when bullish comments get replaced by this level of bearish ones, the probability of a relief rally climbs significantly higher.”

Some XRP holders are moving coins into decentralized finance platforms and other yield products, where reported annual returns reach up to about 10 percent.

Traders and analysts are monitoring exchange balances, on-chain flows and sentiment metrics to track market activity and liquidity.