XRP Exchange Flow Data Shows Coinbase Wallet Dominance Surge to 47%
Recent seven-day exchange flow data shows a notable shift in where XRP wallet flows are concentrated, with Coinbase reaching a net wallet flow dominance of approximately 47%. Upbit and Crypto.com followed at around 12% and 9% respectively. Analysts are flagging this as a meaningful change in the distribution of XRP exchange activity.
On-chain and exchange flow data covering a recent seven-day window shows that Coinbase has emerged as the dominant platform by net XRP wallet flow, reaching approximately 47% concentration. This represents what observers are calling a major shift compared to prior distribution patterns, where Korean exchange Upbit had historically played a more prominent role.
Upbit currently sits at around 12% of net XRP wallet flows, while Crypto.com accounts for approximately 9%. The consolidation of flows toward Coinbase, a U.S.-based exchange, may reflect changing market participant behavior or shifts in regional demand.
This type of exchange flow data is watched by market participants as a potential indicator of accumulation or distribution patterns, though the data alone does not confirm the direction or intent of the underlying transactions.
Key facts
- •Seven-day exchange flow data shows Coinbase net wallet flow dominance at approximately 47%
- •Upbit accounts for approximately 12% of net XRP wallet flows
- •Crypto.com accounts for approximately 9%
- •Observers describe the Coinbase surge as a major shift in flow concentration