A wave of speculation has swept across the XRP community following a viral video from Crypto X AiMan, who argued that recent on-chain movements may signal that BlackRock is quietly buying XRP via Coinbase custody. While the data shows significant shifts in Coinbase’s XRP holdings, the conclusion that BlackRock is behind the purchases remains unconfirmed.
On-Chain Evidence of XRP Movement
According to data highlighted in AiMan’s post, Coinbase’s visible XRP reserves plunged from about 780 million tokens to less than 200 million between June and August 2025 — a reduction of roughly 69%. XRPScan, a widely used blockchain explorer, confirms the sharp drop.
AiMan emphasized that, despite appearances, this was not a mass sell-off. He noted that Coinbase reduced the number of wallets holding XRP from 52 to around 10–16, each with nearly identical balances of 16.5 million XRP. This uniform distribution strongly suggests technical reallocation or custody restructuring rather than open-market selling.
🚨BREAKING: @BlackRock is BUYING $XRP via @Coinbase custody!!!😳🔥🚀
This changes EVERYTHING for XRP holders…👀#XRP #Crypto #BlackRock #Coinbase #Bitcoin pic.twitter.com/3YeQybVIQ0
— Crypto X AiMan (@CryptoXAiMan) September 7, 2025
Why BlackRock’s Name Is in the Conversation
The rumors connecting BlackRock to these transfers stem from Coinbase’s institutional partnerships. Coinbase provides custody infrastructure for large clients through Coinbase Prime, integrated with BlackRock’s Aladdin platform.
This setup allows BlackRock and other institutional investors to gain exposure to digital assets, potentially including XRP, without those holdings being visible on public exchanges. Market analysts argue that the drop in Coinbase’s exchange wallets may simply indicate assets being moved into segregated custody accounts for institutional clients.
What Is Confirmed
What can be verified today is clear: Coinbase’s XRP holdings have declined sharply on-chain, and its wallet structure has been consolidated. It is equally verifiable that Coinbase and BlackRock maintain an active custody partnership. What cannot be confirmed is whether BlackRock itself is buying XRP.
Neither the asset manager nor Coinbase has issued disclosures tying BlackRock directly to XRP purchases, and no regulatory filings provide supporting evidence. Fact-checks by independent sources stress that while institutional reallocation is likely, attributing it specifically to BlackRock remains speculative.
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Implications for XRP Holders
The shift in visible XRP balances has stirred confusion, with some investors fearing a massive sell-off. Crypto X AiMan pushed back on this interpretation, saying, “It’s not a sell-off. Coinbase is definitely not selling XRP. They are not getting rid of it. You should not sell your XRP.”
Instead, he pointed to evidence that the assets are being repositioned in custody solutions, possibly linked to institutional demand. If true, this could mean reduced selling pressure on open markets and growing confidence in XRP’s long-term role within the institutional finance sector.
The hard facts are that Coinbase’s XRP reserves declined significantly this summer, and its custodial infrastructure serves major institutions, including BlackRock. The leap to claim that BlackRock is actively buying XRP remains unproven.
For now, XRP holders are left balancing between verifiable blockchain data and speculation about one of the world’s largest asset managers. Until there is formal disclosure, the rumor that BlackRock is buying XRP via Coinbase custody should be treated cautiously — intriguing, but not yet confirmed.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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