A substantial transfer of $58 million in XRP to Coinbase has raised concerns about a potential selloff. The transaction, detected on June 20, 2025, has sparked speculation within the crypto community regarding the intentions behind this large movement. Such transfers by large holders, known as 'whales,' can significantly impact market dynamics and lead to increased volatility. The XRP Ledger and the broader crypto market are closely monitoring the situation to gauge any potential effects on XRP's value.