Coinbase XRP Reserves Relabeled After 5.5B Alert
XRP (XRP)
Editor:
Eugene Serbin
DailyCoin reported that Coinbase’s position on the XRP rich list shifted after a massive 5.5 billion XRP acquisition was flagged on Tuesday. Blockchain data platforms initially suggested the American exchange acquired the tokens in under one hour. However, the surge resulted from identifying and labeling 146 previously unknown wallets as Coinbase-owned rather than a direct transfer.
Following this update, Coinbase ranks as the third-largest XRP holder on the XRPScan rich list. An automated alert from @xrp_rich_bot had incorrectly shown a shift from an unknown wallet to Coinbase, displaying a +4,870.7% increase in an hourly update. The correction clarified that Coinbase did not gain 5.5 billion XRP but simply had existing holdings re-identified.
Coinbase now holds 355 XRP-filled accounts on the XRP Ledger, representing more than 5.80% of the available supply. This places them behind UPip, which holds 6.42% across 13 wallets, and ahead of Binance, which holds 2.73% across 149 wallets. Ripple Labs remains the dominant holder with 39.99% of the supply across 31 accounts. While this disclosure adds transparency, it does not imply an immediate impact on XRP’s price.
How the market reacted
Whalio's own Binance spot order flow for XRP, measured when this story was written up on 9 September 2026. Not the outlet's figures.
XRP is trading at $1.42, with spot volume reaching $186,534,081 over the last 24 hours. The 24-hour buy ratio sits at 50.4%, indicating a near-even split between buyers and sellers. However, shorter-term activity shows stronger bullish intent, with the 1-hour buy ratio at 56.7% and the 4-hour ratio at 54.8%. Volume delta data reflects this short-term strength, showing a net inflow of $1,478,372 in the last hour and $2,685,348 over four hours. This contrasts with the 24-hour volume delta of $1,697,464, suggesting that buying pressure has intensified in the most recent hours compared to the full day average. Cumulative Volume Delta closed at +$11,557,344, confirming that net buying has dominated the session for 20 out of the last 24 hours.
The latest daily buy ratio of 50.6% sits at the 83rd percentile of the last 322 days, against a median of 48.5% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for XRP, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 50.6%, making today’s 24-hour ratio of 50.4% nearly identical to the recent norm. Trading volume was 1.08 times the weekly average, indicating slightly above-average activity. The coin experienced a price change of +4.8% over the last eight days, with a total volume delta of +$19,317,887. Net buying occurred on four out of the seven days in the preceding week. This suggests that today’s trading pattern is consistent with the broader weekly trend, showing no unusual deviation from recent behavior.