The main XRP transaction attracted consideration on June third after roughly $60.1 million value of XRP was despatched from Thriller Pockets to Coinbase.
The Whale Alert identified that the relocation was from an “unknown pockets” to Coinbase. In fact, it sparked plenty of hypothesis. Was the whales prepared on the market? Was this an exterior group?
The timing made it fascinating – the XRP is quoted at round $2.24, giving it an upward momentum. Massive trade inflows could be a signal that the market is about to maneuver, so merchants are starting to draw consideration.
Nevertheless, after a more in-depth look, the thriller varieties pale.
🚨🚨🚨27,108,594 #XRP (60,168,095 USD) transferred from unknown pockets to #coinbasehttps://t.co/daxsvsnxzd
– Whale Alert (@Whale_Alert) June 3, 2025
It seems that the sending pockets was in no way unknown. It was Coinbase Chilly Pockets 188. This is without doubt one of the trade's long-standing storage addresses. The transaction was inner. Coinbase has moved $60 million value of XRP between its personal wallets.
All these transfers are normally related to balancing liquidity, custody duties, or scorching pockets funding. There have been no main gross sales, and whales like third-party whales didn't transfer. Coinbase was simply doing the usual backend work.
