Coinbase Transfers Over 7.8M XRP Valued at $14.3M Internally
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Large Transfer: A recent transfer of over 7.8 million XRP, valued at approximately $14.3 million, highlights significant institutional activity, potentially reflecting ETF-related fund flows.
- Internal Movement: Both the sending and receiving addresses linked to Coinbase indicate this was an internal transfer rather than a retail transaction, which may influence market perceptions of XRP.
- ETF Dynamics: Analysts noted that such transfers are often associated with the creation and redemption processes of ETFs, indicating institutional accumulation within regulated investment structures rather than short-term price fluctuations.
- Market Reactions: Market participants interpreted this transfer in relation to ETF dynamics and derivatives positioning, which could influence price behavior in the future, especially around hedge expirations.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.







