On-Chain Data Ties $172,513,649 XRP Transfer to Coinbase, Ripple-Linked Wallet and Bitstamp
According to on-chain tracking cited by XRPWallets, 127,400,577 XRP worth $172.5 million was transferred from a Coinbase-linked address to Bitstamp on February 12, 2026. The receiving wallet has been monitored since late 2024 and is suspected by researchers of being associated with Ripple's liquidity operations, raising speculation that the funds may support cross-border payment flows instead of a simple exchange deposit.