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Bit360

09/06 10:39

Fact Check: Is Coinbase Manipulating

Fact Check: Is Coinbase Manipulating the XRP Price?


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A popular claim circulating in the XRP community alleges that Coinbase is deliberately manipulating the price of XRP. The theory centers around Coinbase sharply reducing its XRP holdings and coordinating large sales to suppress XRP’s market price.

Who Made the XRP Manipulation Claim Against Coinbase?
The allegations primarily come from an XRP community member known as Stern Drew, who analyzed on-chain data via XRPScan. Drew argues that Coinbase cut its XRP stash by 70%, routing sales through multiple wallets during low-liquidity hours to mask flows.
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