XRP Army Fears Coinbase Price Manipulation. Here’s What Happened

Crypto investor Stern Drew has raised serious concerns regarding Coinbase’s recent handling of its XRP ￰0￱ a detailed analysis shared on social media, Drew pointed to data from XRPScan showing that Coinbase reduced its XRP holdings from 780 million to 199 million within ￰1￱ represents a 69% decrease, effectively removing the exchange from the position of the fifth-largest holder and pushing it to the lower end of the top ￰2￱ emphasized that such a significant reduction could not be regarded as standard selling behavior, suggesting that it appeared to be deliberate ￰3￱ IS MANIPULATING XRP XRPScan data shows Coinbase cut its stash from 780M → 199M XRP in weeks – a 69% ￰4￱ the 5th-largest holder, they’re now barely in the top ￰5￱ isn’t normal ￰6￱ looks like coordinated manipulation.

Let’s decode ￰7￱ — Stern Drew (@SternDrewCrypto) September 5, 2025 Outflows and Trading Patterns According to Drew, Coinbase’s selloffs accounted for approximately 581 million XRP, valued at nearly $300 million at current market ￰8￱ stated that 40% of these outflows were routed through over-the-counter desks connected to New York institutions, while the timing of the transactions coincided with nearly every notable dip in XRP’s ￰9￱ further noted that 72 percent of the selling activity occurred during low-liquidity hours, specifically between 2 ￰10￱ 5 ￰11￱ added that Coinbase allegedly fragmented the flows across multiple exchange wallets in a way that disguised the full scale of the ￰12￱ actions, he claimed, suppressed potential rallies, particularly at points where XRP was approaching key resistance levels around $1.20.

Alleged Motivations Behind the Strategy Drew proposed three possible motivations behind Coinbase’s ￰13￱ first was external pressure from groups tied to what he referred to as “ETHGate,” citing Coinbase’s links with ConsenSys and the Ethereum ￰14￱ second, he argued, was Wall Street positioning, where institutional players could benefit from driving retail investors out before accumulating XRP at lower ￰15￱ third potential motivation highlighted by Drew was the possibility of using XRP price pressure as leverage in ￰16￱ and regulatory negotiations, particularly with Ripple remaining central to ongoing discussions around digital ￰17￱ Correlations and Institutional Flows To support his claims, Drew referenced his team’s modeled “XRP Suppression Index,” which measured the relationship between Coinbase’s selloffs and XRP price ￰18￱ stated that the index showed a 0.87 correlation, a level he described as highly significant, while no similar activity was observed with other ￰19￱ also highlighted that part of the offloaded XRP reportedly ended up with wallets linked to BlackRock custodianship ￰20￱ portion was moved to Hong Kong-based OTC desks hours before Ripple’s announcement regarding its Asia ￰21￱ argued this pattern suggested insider awareness that retail investors did not ￰22￱ Market Implications In his analysis, Drew suggested that if Coinbase is indeed intentionally suppressing XRP, the implications extend beyond individual ￰23￱ outlined that such actions could serve to protect banks tied to SWIFT from liquidity shocks, preserve Ethereum’s market position against XRP’s growing institutional use , and slow what he described as XRP’s “multiplier effect” during key market ￰24￱ are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Drew concluded his thread by warning that Coinbase’s reduction of its XRP reserves should be interpreted as more than routine exchange ￰25￱ his view, the scale and timing indicate that XRP poses a structural challenge to established ￰26￱ added that while such suppression can influence price movements in the short term, it cannot be maintained indefinitely, suggesting that XRP could experience significant gains once these pressures ￰27￱ : This content is meant to inform and should not be considered financial ￰28￱ views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s ￰29￱ are advised to conduct thorough research before making any investment ￰30￱ action taken by the reader is strictly at their own ￰31￱ Tabloid is not responsible for any financial ￰32￱ us on X , Facebook , Telegram , and Google News