XRP Supply's Fall on Coinbase Extends to 90%, New Data Confirms
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Coinbase's XRP holdings have plummeted by nearly 90% over three months, dropping from around 970 million XRP to approximately 99 million. This significant decline is attributed to consistent transfers to unknown wallets, raising questions about the future of XRP's custody. Despite this, XRP remains the third largest cryptocurrency with a market value of about $183 billion. Speculation surrounds whether major institutions are acquiring XRP through Coinbase, but the exact destination of the coins post-transfer remains unclear.
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