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Apr 5, 2026 upd. 8 Jun
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XRP holders pull coins, Coinbase supply plunges, primes price surge

2 min

XRP reserves on Coinbase hit record low after boycott

XRP balances on Coinbase fell to roughly 101.86M tokens after a community boycott over the CLARITY Act. Net outflows reached 21–95M XRP in 30 days, raising supply‑crunch risk if demand returns.

XRP advocate Diana said Coinbase’s XRP balance slid to about 101.86M by late March 2026, citing exchange data and a wave of withdrawals by holders. She added that estimates point to a near 90% drop in a few months, a historic low for the platform source, source.

The boycott follows Coinbase’s pushback on the latest CLARITY Act compromise, including language that would ban passive yield on stablecoins. Coinbase flagged “significant concerns” with the draft source, source, source.

In 2025, Coinbase and partner Circle generated about $2.75B in gross interest from USDC reserves. Coinbase’s estimated share was ~$1.35B, or ~19% of revenue, fueling claims that its stance protects a key income stream source.

XRP exchange reserves trend

Leaked claims that Coinbase asked Ripple to pay “millions” to list XRP in 2019 added to the backlash source. Diana’s snapshots show 30‑day net outflows between 21M and 95M XRP, as holders move coins to self‑custody or other venues source.

Analysts warn that shrinking on‑exchange balances can trigger a supply shock if buying returns. Whales have been accumulating, and a tighter float historically precedes scarcity‑driven moves, they note source, source, source.

  • Coinbase XRP balance: ~101.86M by late March 2026 source
  • Estimated drop over months: nearly 90% source
  • 30‑day net outflows: 21M–95M XRP source
  • USDC interest income 2025: $2.75B gross; Coinbase ~$1.35B (~19% revenue) source
  • Boycott context: CLARITY Act pushback; passive yield ban on stablecoins source, source

Why it matters for investors: A thinner XRP float on a top U.S. exchange increases the odds of a spot‑driven squeeze if demand rebounds, though outcomes depend on broader market flows and policy signals source, source.

First mention: XRP.