Whales Move $50M XRP to Coinbase as Ripple’s SEC Case Officially Closes

Whales shift $50M XRP to Coinbase as Ripple’s SEC case officially closes, fueling optimism in the crypto market.

Fridah Kangai
August 24, 2025
1:40 am

Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.

Ripple’s lawsuit ends as whales move $50M XRP to Coinbase.
Over 16 million XRP hits Coinbase amid rising whale activity.
SEC case dismissal boosts XRP price as traders watch whales.

Coinbase has become the center of attention after a massive XRP transfer landed on the exchange. Whale Alert confirmed that 16,594,920 XRP worth $50,715,884 was sent from an unidentified wallet to the platform in a single move.

Whale Alert also tracked a transfer of 35 million XRP worth $108,112,187 between two wallets, the identities of which are unknown. The transfer was another addition to the great deal of activity surrounding XRP over recent hours.

🚨 🚨 🚨 16,594,920 #XRP (50,715,884 USD) transferred from unknown wallet to #Coinbase https://t.co/ffVNzqz1ge
— Whale Alert (@whale_alert) August 23, 2025

Also Read: SEC Chair Paul Atkins Signals Softer Stance on Crypto Oversight

The legal struggle of Ripple comes to an End

As per former federal prosecutor James K. Filan, Ripple’s case against the U.S. Securities and Exchange Commission is now closed. The Second Circuit Court accepted the Joint Stipulation of Dismissal, which essentially terminated the appeals filed by Ripple and the SEC.

The stipulation had been pending approval by the SEC in a recent filing. With the court now confirming it, the nearly five-year legal battle has finally reached its conclusion.

In December 2020, the SEC accused Ripple of selling XRP as unregistered securities. Ripple’s main victory came when Judge Analisa Torres ruled that XRP itself is not a security, and this determination largely influenced the result.

Market Effect and Whale Confidence

The market sentiment moved in a positive direction after the comments of Federal Reserve Chair Jerome Powell. Powell indicated that a possible rate cut in September was still a possibility, which raised hope in global markets.

These developments saw RP react strongly, with the currency surging by nearly 8 percent at one point in the Friday trading session. The time of the transfer of whales and the closing of the lawsuit added more confidence to the future of XRP.

Whale transfers are a significant indicator of large investors rebalancing their portfolios, and such transfers can have a sizeable impact on liquidity. The dismissal of the Ripple case has become a definite milestone in the eyes of many traders.

More than 50 million XRP are coming to Coinbase, and an official end to the case against Ripple will create a new era in the history of the token. As whale activity accelerates and the legal cloud clears, XRP will now enter a period defined by market performance.

Also Read: XRP Faces 12-Day Countdown: Analyst Says $3.30 Breakout Could Decide Future