A significant transfer of 26.6 million XRP tokens, valued at nearly $59 million, was made to Coinbase on June 5, 2025, as reported by Whale Alert . This move comes just days before the June 16 deadline in the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC).
The timing of this large transfer has raised speculation within the crypto community. Historically, substantial transfers to exchanges like Coinbase often precede sell-offs, potentially leading to price declines. Given the proximity to the legal deadline, some analysts suggest the whale might be anticipating unfavorable outcomes or extended proceedings in the Ripple-SEC case.
The SEC is required to submit a status report to the Appeals Court by June 16, marking the end of a 60-day pause granted for settlement discussions . Failure to reach a settlement could result in the case proceeding with appeals and cross-appeals, further prolonging the legal uncertainty surrounding XRP.
At the time of writing, XRP’s price has dipped approximately 3%, trading around $2.19. The market remains watchful as the deadline approaches, with potential implications for XRP’s valuation and the broader crypto landscape.
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