Get an in-depth look at the latest developments in Ripple, XRP and its expanding ecosystem, covering the launch of Coinbase’s whale behavior and the XRPL EVM sidechain.

Ripple, XRP and Coinbase are undergoing frequent activities. From significant large transfers to technical breakthroughs, let’s take a deep look at the changes that are taking place and their potential impact.

Follow the whale: XRP flows in Coinbase

According to data provided by Whalealert, on June 30, 2025, a transfer of up to 25.5 million XRP was transferred to Coinbase. This move immediately sparked widespread speculation. Typically, a large amount of tokens flowing into the exchange may indicate a sell-off intention, which in turn puts pressure on prices. However, the market reaction was unexpected, and XRP showed an upward trend after the transfer. This confuses the XRP community to try to understand the true purpose of these large-cap holders. Are they making long-term layouts? Or is there something else behind it?

This is not accidental. Looking back on the past year, XRP market trends are highly correlated with whale behavior. Back in August 2024, whale outflows were negative, which was consistent with XRP's performance in hard-to-maintain value. But by the end of 2024, with whales entering on a large scale again, XRP seems to usher in a new wave of attention, with cumulative inflows approaching 250 million XRP. Therefore, tracking the trends of these large accounts is crucial to predict market trends.

XRPL EVM Side Chain: A New Era of Cross-chain DeFi

The official launch of the XRPL EVM sidechain marks a major upgrade. After long-term research and development, the release of the main network has introduced Ethereum compatibility and smart contract capabilities to the XRP ledger ecosystem. This means that developers can build and deploy decentralized applications (DApps) that support cross-chain interaction or EVM-only with the help of XRPL's high speed, high security and stability.

David Schwartz, Ripple CTO and co-founder of XRP Ledger, said the XRPL EVM sidechain provides developers with flexibility without sacrificing the security and reliability of XRPL itself. Ferran Prat, founder and CEO of PeerSyst, also pointed out that this is an important step in achieving interoperability, programmability and economies of scale.

Core features of XRPL EVM sidechain:

• Ethereum compatibility: supports mainstream development tools such as Solidity, MetaMask, and Hardhat.
• High performance vs. Scalability: Higher throughput and lower transaction fees compared to Ethereum.
• XRP as a native asset: Use XRP to pay fees and participate in the combustion mechanism.
• Compliance-oriented design: especially suitable for regulatory-friendly asset issuance.
• Strong verification node network: Community nodes around the world ensure network security.

This side chain is connected to the XRPL main network through an Axelar bridge to achieve free transfer of assets between chains. Squid is the officially recommended cross-chain transmission interface, which further enhances the multi-chain capabilities of XRPL. In addition, the Wormhole protocol will be integrated in the future to improve overall interoperability.

RLUSD Stablecoin: High-profile Statement Raises Questions

Reece Merrick, managing director of Ripple Middle East and Africa, recently claimed that the average daily trading volume of RLUSD has reached US$10 billion. This statement was proposed at the Dubai FinTech Summit and highlights the role of RLUSD in promoting low-cost cross-border payments.

However, considering that RLUSD's current market capitalization is only about $455 million, this figure is questionable. Existing data shows that its daily trading volume is about $22 million. Crypto communities and analysts have questioned its authenticity, and some people speculated that "million" may have been mistakenly written as "billion".

In comparison, Tether (USDT) has a market value of more than US$158 billion and an average daily trading volume of US$56.6 billion. This indicates a significant gap between the actual trading volume of RLUSD and its market capitalization. Although stablecoins occupy an important position in digital finance, the community will continue to observe the true performance of RLUSD.

Summarize

From the mysterious whale action on Coinbase, to the XRPL EVM sidechain opening a new chapter in cross-chain DeFi, to the controversy caused by RLUSD’s high-profile declaration, the Ripple, XRP and Coinbase ecosystems are in the stage of interweaving innovation and fluctuations. This is a world full of opportunities, suspense and high risks. Crypto enthusiasts, please wear your seat belts, because this journey has just begun! There could be another whale tomorrow, a breakthrough collaboration, or just a great meme. Anyway, please stay tuned!

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