Coinbase Surges into Third Spot on XRP Rich List

Coinbase has taken the third spot on the XRP rich list after its reported balance surged 4,870% to over 5.5 billion XRP within an hour.

The sudden increase sparked speculation that Coinbase had received billions of dollars in new tokens, but XRPScan later clarified that no new transfer occurred.

A wallet identification update added 146 previously unlabeled Coinbase wallets to the exchange's reported balance, resulting in the apparent surge.