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Coinbase’s Massive XRP Surge Was Not a New Purchase Coinbase’s ripple:native balance appeared to jump 4,870% to more than 5.5 billion XRP within an hour, as reported by XRP Rich List on Sept 8. The massive increase initially suggested the exchange had suddenly received billions of dollars in XRP. XRPScan later clarified that no such transfer occurred, pointing to a wallet identification update. The platform had identified 146 previously unlabeled Coinbase wallets and added them to its balance. Coinbase now ranks third on the XRP rich list with 5.68 billion XRP.
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