XRP whale wallets scooped up 900M+ XRP from Coinbase over the past few weeks, fueling talk of a breakout toward $5. At the same time, MAGACOIN FINANCE has gained attention with its own whale-driven activity, creating scarcity and buying pressure. Both are now being mentioned among the best crypto to buy now.
Whales Drain Coinbase XRP Wallets
Coinbase’s XRP cold wallets have seen a massive depletion in recent weeks. According to blockchain explorer data, the exchange now holds just two cold wallets with around 32.8M XRP combined. In June, the wallets were 52 and had 970 million XRP worth over $2.8 billion.
This marks a steep 96% reduction in reserves, suggesting that whales and large holders are steadily removing supply from the exchange.
On-chain movements show that XRP taken from Coinbase’s cold wallets has been redirected to other platforms and private wallets.
For instance, Cold 124 and Cold 384 each moved over 16M XRP to Coinbase hot wallets before being distributed to unknown destinations, including Binance, ChangeNow, and Stake.
This steady outflow implies a shift from exchange reserves into long-term storage, a common trend during accumulation phases.
Although Coinbase has not publicly addressed the depletion of its XRP holdings, the timing aligns with increased whale activity across the market.
For many analysts, this tightening supply is a signal of brewing upward pressure, reinforcing why XRP is being called one of the best crypto to buy now.
XRP Road to $5
After sliding from a July peak of $3.65 to lows near $2.69, XRP is now showing early signs of recovery. Analysts note that large holders tend to buy heavily after corrections, historically marking the beginning of new upward cycles.
Researcher Ripple Van Winkle highlights that XRP whales have already stepped back in during this pullback. Market watchers map possible targets at $4.16, $4.63, and ultimately $5.39 if bullish channels remain intact.
Even skeptics who worry about overvaluation acknowledge that XRP’s deep liquidity and daily trading volume near $5 billion make it difficult for the price to revisit much lower ranges.
For traders, the takeaway is that the whale-driven scarcity could push XRP toward $5 sooner than many expect. This setup is exactly why many investors now list XRP among the best crypto to buy now, especially as supply on exchanges keeps thinning.
MAGACOIN FINANCE: Another Best Crypto to Buy Now
Just as XRP whales are creating scarcity, MAGACOIN FINANCE is seeing similar action. Large holders have been actively accumulating during its early stages, reducing supply and pushing prices upward every hour. The difference? Unlike XRP, MAGACOIN FINANCE is still new and agile, leaving plenty of room for sharp breakouts.
If XRP manages a 2x from here, MAGACOIN FINANCE could easily move far higher. Some analysts suggest moves up to 7x given its early growth stage and supply pressure. This has quickly put it in the conversation for the best crypto to buy now.
Why MAGACOIN FINANCE?
- Whale activity creating real scarcity
- Prices climbing steadily each day
- Early-stage coin with larger upside room
Conclusion
With whales draining Coinbase wallets, XRP’s path toward $5 looks increasingly realistic, making it one of the best crypto to buy now. But for those seeking bigger moves, MAGACOIN FINANCE offers an even more exciting play, with its accumulation-driven scarcity and daily price climbs.
Traders may not want to wait too long before exploring it—visit the MAGACOIN FINANCE site today to see why:
- Website: https://magacoinfinance.com
- X: https://x.com/magacoinfinance
- Telegram: https://t.me/magacoinfinance
