Massive Whale Just Moved 779,321 XRP from Coinbase. Here’s Where It Is Going

A notable transaction on the XRP Ledger was reported by crypto enthusiast Captain Redbeard, who posted details of a significant XRP movement observed on July 5, 2025. In a tweet, Captain Redbeard described it as a “massive $XRP move,” emphasizing that 779,321.94 XRP was transferred from Coinbase to a private wallet. The tweet added, “Something BIG is brewing,” suggesting the size and timing of the transfer may indicate a larger strategy or event. According to the transaction record Captain Redbeard shared, the transfer occurred at 10:19:02 PM UTC on July 5, 2025. The funds originated from a Coinbase account and were sent to a private XRP Ledger wallet address identified as rLuvSFAfgVja7ZgEtoq1SwSt1xNGaztLZ. The transaction was recorded on ledger number 97,276,970 and confirmed successfully with a fee of 0.00002 XRP. The full amount delivered was precisely 779,321.940409 XRP, and it was marked as a “PAYMENT” transaction. MASSIVE $XRP MOVE 779,321 XRP just transferred from Coinbase to a private wallet! Something BIG is brewing! Follow @Roundtable321 thank me later pic.twitter.com/9q5ueuimAk — Captain Redbeard (@Brett_Crypto_X) July 6, 2025 At the time of writing, XRP is trading at approximately $2.20 per unit, according to data from CoinMarketCap. This places the value of the transferred amount at roughly $1,714,506. The scale of the transaction and the fact that it was sent from a major exchange to a private address caught the attention of market watchers and retail investors. Reactions from the XRP Community Captain Redbeard’s post prompted varied reactions from other users on the social media platform X. A user identified as Vic911crypto responded with a humorous remark, claiming responsibility for the transfer and writing, “That was me guys just got a new Tangem wallet and wanted to check it out. Nothing to see here my guys lol.” Another user, X Finance Bull, expressed a more serious view of the event, commenting, “That’s not retail. Someone’s gearing up for something major.” This interpretation reflects a belief held by some in the community that significant on-chain movements of this size often precede institutional activity , strategic accumulation, or preparation for participation in upcoming market developments. Broader Impact The XRP ecosystem has been under close observation amid ongoing regulatory developments and growing institutional interest. While no specific details have been confirmed regarding the motive behind this particular transaction, observers such as Captain Redbeard continue to track high-value transfers as potential indicators of market sentiment or preparation for significant announcements. At this stage, there has been no official statement from Coinbase, nor has the recipient of the funds been identified. However, the transparent nature of the XRP Ledger allows these transactions to be monitored and verified in real-time, offering the market insight into on-chain activity that may otherwise remain opaque. Captain Redbeard’s report underscores how such data continues to be a focal point for traders and analysts alike. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. The post Massive Whale Just Moved 779,321 XRP from Coinbase. Here’s Where It Is Going appeared first on Times Tabloid .