Coinbase’s XRP Meltdown: From Top Holder to Casual Observer in 60 Days!

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In the cold and unforgiving ledger of the crypto world, Coinbase watches its XRP coffers dwindle, slipping quietly from the revered halls of top ten holders into obscurity. According to the omnipresent oracle of Twitter, XRP Liquidity, the once mighty giant who held 780 million XRP, has now been reduced to a mere shadow of 132.4 million tokens, a staggering 85% vanishing into thin air in just two months. One almost feels sympathy, if only sympathy still existed in this transaction-driven wasteland.

Coinbase’s XRP Reserves: A Plunge As Inevitable As Winter

Not so long ago, Coinbase held dominion as the fifth-largest custodian of XRP on the exchanges. But time, that cruel and unblinking arbiter, has a way of eroding even the grandest empires. Now it trembles outside the threshold of top ten, a humbled titan, its once proud pile reduced to an inconsequential heap to those who watch from the sidelines – the XRP community, who stare with equal parts disbelief and cynical amusement.

Top 10 Exchanges XRP holdings

1. Upbit 5.871B
2. Binance 2.822B
3. Uphold 1.739B
4. Bithumb 1.655B
5. Bitbank 575M
6. Coincheck 555.4M
7. Etoro 472.3M
8. Cryptocom 378.7M
9. Coinone 295.18M
10. Kraken 185.13M

Dropped from Top 10

Coinbase 132.4M
SBI VC 61.7M

– XRP_Liquidity (Larsen/Britto/Escrow/ODL/RLUSD) (@XRPwallets) September 8, 2025

The hierarchy stands firm and unbothered: Upbit reigns with 5.87 billion, Binance clutches 2.82 billion, and the others follow as dutiful vassals, guarding their stacks as if life depended on it. Meanwhile, Coinbase skulks in the shadows, wondering how the mighty have fallen-and perhaps if it might borrow a few tokens for dinner.

  • Upbit: 5.87 billion
  • Binance: 2.82 billion
  • Uphold: 1.74 billion
  • Bithumb: 1.66 billion
  • Bitbank: 575 million

Others troop behind: Coincheck clutching 555 million, eToro with 472 million, Crypto.com at 380 million, Coinone’s 295 million, and Kraken’s 185 million, all holding fast to their digital gold.

Bill Morgan: The Wit With a Sharp Quip

Enter Bill Morgan-the kind of attorney who delivers his humor as sharply as any court summons. Responding to Coinbase’s fall from XRP grace, he delivered a masterpiece of sarcasm: perhaps Coinbase will “delist XRP again, this time by not holding any.” A biting observation wrapped in the velvet glove of wit. Bravo. 🎭

Maybe it will delist XRP again, this time by not holding any.

– bill morgan (@Belisarius2020) September 9, 2025

The story of Coinbase and XRP is one as tangled as a Kafka bureaucracy: regulatory battles, strategic retreats, and cautious returns. In January 2021, the tremors of the U.S. SEC lawsuit forced Coinbase to suspend XRP trading. By January 2023, it delisted XRP, alongside Bitcoin Cash, Ethereum Classic, and Stellar, citing “low usage” – a euphemism familiar to any who have watched dreams die in straight lines on a spreadsheet.

Yet, like a ghost refusing to rest, Coinbase resumed XRP trading in July 2023 after a federal court deemed XRP sales on exchanges were not securities. An unexpected reprieve for those still clinging to hope.

The Dance of Devilish Support

Despite the dwindling reserves, Coinbase tosses a wink to XRP, launching new “5x leverage perpetual futures,” a coy nod to renewed interest. The CEO Brian Armstrong, in moments of unrestrained optimism, declared “great progress on U.S. perpetual futures”-as if progress could be measured by something other than disappearing numbers.

Rumors of price manipulation swirl in the feverish marketplace, little more than shadows dancing on the wall, quickly dismissed by Morgan. Even in absence, XRP’s price marches on its own inscrutable path, unaided by Coinbase’s faltering presence.

Thus, despite shrinking holdings and murmurs of disquiet, Coinbase carries on its curious dance with XRP-half lover, half jilted admirer. In this world where loyalty is as fleeting as a gas fee, that may be the most one can expect.

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2025-09-09 18:20