Coinbase Relisting XRP? Here Are 208 Million MORE Reasons To Think So!

By ProCoinNews • February 20, 2022 10:23 pm • Comments

This is an update to an article we brought you earlier this week…

There is a lot of big news out today involving Coinbase and XRP and it’s leading many to believe Coinbase is gearing up to soon do something we have all waited years for: RELIST XRP.

It has to happen sometime and evidence is leading many to believe that sometime may be soon.  As soon as next week.

Trending: Federal Reserve Chairman Jerome Powell Say Federal Reserve Cannot Own Bitcoin

It all starts with a transfer made today of 40,000,000 XRP into a Coinbase wallet.

Yes folks, the digital asset Coinbase said none of us could trade was just traded (transferred) into their wallet.  40 million of them.  Hey Gary, is that 40 million SEC violations?  Or…has a deal already been reached?

I have a feeling we’ll see soon.

In the meantime, check this out:

Here is a zoom in of the transaction:

Speculation immediately started running wild:

Even BitBoy was all over it:

But that wasn’t all.

On the same day, people suddenly started noticing a new page at Coinbase that looked like this:

So the one digital asset that no one could buy for over a year is now suddenly being transferred to Coinbase by the millions and they just happen to publish a “How To Buy XRP” guide on the same day?

Folks, if you believe those things are just coincidences then I need to sell you that igloo from the Digital Asset Investor.

It’s a great igloo.

It happens to be located in Georgia and shipping is not until the summer, but it’s a great igloo and you will love it.

For everyone else, I think we can connect the dots…

I don’t have any inside information beyond what’s published in this article and I’m not saying it’s going to happen tomorrow, but I have a feeling we might see XRP trading on Coinbase again in the very near future.

And now the update…

It looks like another 208 million XRP have now been moved over to Coinbase:

Yassin takes the words right out of my mouth with this Tweet:

I guess the SEC should be upset about this right?

Unless….

Well, you can connect the dots.

From U.Today:

Crypto tracking bot Whale Alert has spotted several large transactions moving XRP between crypto exchanges. One of them was U.S.-based publicly traded platform Coinbase.

As it has shifted a large amount of the Ripple-affiliated coin, some XRP supporters began to speculate on the possible relisting of XRP that may take place soon.

89 million XRP moved by Coinbase

The above-mentioned crypto tracker detected five large transactions, carrying a comprised 208.6 million XRP tokens.

The share of Coinbase here was two transfers, which moved 88.6 million XRP in all. The crypto was sent from one Coinbase wallet to another.

As a reminder, Coinbase was the first crypto exchange to suspend XRP trading in January 2021 after the SEC initiated a lawsuit against Ripple Labs in late December 2020. The regulatory agency also sued Ripple’s CEO Brad Garlinghouse and its co-founder, Christopher Larsen, for selling XRP, which the SEC claimed to be an unregistered security. The litigation continues up to this day.

These transfers of XRP between internal wallets of Coinbase have sparked speculations by some commenters, who assumed that Coinbase might be readying to resume XRP trading.

Since early 2021, when the exchange suspended trading XRP pairs, it still allowed customers to store XRP on their wallets there and deposit and withdraw the coin as they wish.

120.3 million XRP transferred by exchanges and ODL venues

The other three XRP transactions were conducted by U.S.-based Bittrex crypto trading company to Mexican crypto unicorn Bitso and Europe-based Bitstamp.

Bittrex shifted 20,000,000 XRP to Bitso and sent the same amount of coins to Bitstamp. Both exchanges serve as Ripple ODL corridors in their regions—Latin America and the EU.

Finally, 89,000,000 XRP were transferred by South Korean Bithumb exchange internally. The overall amount of transferred XRP comprises $166,483,409 at the current exchange rate of XRP/USD.

And then there was this too:

What do YOU think?

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