Blockchain tracking services Whale Alert and XRPWallets recorded a significant transfer of 75 million XRP tokens (worth approximately $108 million) originating from Ripple-controlled wallets on April 20-21, 2026. The complex movement saw the funds routed through a series of linked sub-wallets before a final deposit of 50 million XRP was made to two separate Coinbase exchange wallets.
The transaction sequence began at 19:52 UTC on April 20 from a wallet identified as "rLB…gK3," which sent 50 million XRP (valued at $71.5 million) to the "Ripple (50)" wallet. This receiving wallet consolidated its holdings to 121.5 million XRP before moving 75 million XRP to another address, "rfR…8n8," at 22:25 UTC. This distributing address then split the entire 75 million XRP balance, sending exactly 15 million XRP to each of five separate wallets between 22:48 and 22:50 UTC.
Subsequent movements directed a portion of these tokens to Coinbase. One wallet, "rwt…rG9," received an additional 5 million XRP, bringing its total to 25 million, which it then sent in full to a Coinbase address. Similarly, another wallet, "rDK…ioc," aggregated 25 million XRP before depositing it to a second Coinbase wallet. Records indicate this same Coinbase wallet was involved in sales linked to Ripple Chairman Chris Larsen in July of the previous year. The remaining 25 million XRP from the original 75 million were retained in two of the five redistribution wallets.
The transfer sparked immediate speculation about a potential large-scale sell-off by Ripple. However, analysts urged caution against this interpretation. They point to Ripple executives recently reaffirming that XRP remains the "north star" of its ecosystem and contextualize the movement as part of the company's market depth management and institutional operations.
This activity occurs alongside positive developments for XRP. Since April 10, XRP spot ETFs have recorded net inflows of $67.47 million, with Coinbase serving as an authorized participant and custodian for several of these funds. Furthermore, Ripple has deepened its institutional custody integrations in 2026, and Coinbase frequently acts as a distribution node for XRP destined for Ripple's On-Demand Liquidity (ODL) corridors.
The news follows public comments from Cardano founder Charles Hoskinson, who critiqued Ripple's business model, stating the company "sells large amounts of XRP each year from its pre-mined supply" to fund operations and deals, while noting "XRP holders do not have any ownership in Ripple or its assets." Ripple has not publicly responded to the latest transfers or Hoskinson's remarks.
At the time of reporting, XRP was trading at $1.43, having posted a 4.9% gain over the past week, making it the top performer among the top ten cryptocurrencies by market capitalization.
