Coinbase and Binance Among Largest XRP Holders: Full Top 10 List Revealed

Binance and Coinbase are among the largest holders of XRP, with Binance holding 2.735 billion XRP and Coinbase holding 780.13 million XRP. The largest XRP stash is held by Upbit with 6.038 billion XRP. Coinbase recently received a large transfer of 101 million XRP, but this was later confirmed to be an internal transfer.

In a recent development, the top cryptocurrency exchanges by XRP holdings have been revealed, with Binance and Coinbase among the largest holders. According to a list published by X account @XRPwallets, Binance holds 2.735 billion XRP, while Coinbase holds 780.13 million XRP. Notably, these exchanges are not at the top of the list, with the largest XRP stash held by South Korean exchange Upbit, which holds 6.038 billion XRP [1].

Coinbase recently received a significant transfer of 101 million XRP, but this was later confirmed to be an internal transfer, not an external one. The transaction was spotted by blockchain sleuth Whale Alert, which monitors large cryptocurrency transfers. The sender wallets were tagged as anonymous, and the destination addresses were mentioned as Coinbase and an unknown wallet [2].

The filing of a new Crypto Blue-Chip ETF by Truth Social, the alt-tech social media platform owned and operated by Trump Media & Technology Group (TMTG), has also impacted the market. The proposed fund would hold BTC, ETH, SOL, XRP, and CRO. Although XRP is included, it has underperformed compared to other assets in the fund, with a 2% share of the total holdings [3].

In another development, Ripple Labs has applied for a U.S. national bank license, which could have far-reaching implications for the legitimacy, stability, and mainstream application scenarios of XRP. As a result, XRP holders are tapping into LET Mining to convert their tokens into stable, daily BTC mining income [3].

References:
[1] https://u.today/binance-coinbase-among-largest-xrp-holders-see-full-top-10-list
[2] https://cryptopotato.com/cro-surges-after-truth-socials-crypto-blue-chip-etf-disclosure-xrp-underperforms/
[3] https://crypto.news/ripple-eyes-bank-license-xrp-holders-turn-to-let-mining-for-daily-profits/