Key Takeaways
A viral rumor alleging that asset manager BlackRock is secretly accumulating XRP has created significant market uncertainty. The speculation is largely fueled by on-chain data showing a dramatic reduction in XRP reserves on the Coinbase exchange, leaving traders to weigh the potential for major institutional adoption against a speculative sell-off.
- A rumor circulating since February 17, 2026, claims BlackRock is using Coinbase to purchase large amounts of XRP.
- Speculation intensified after reports indicated Coinbase's XRP reserves have fallen by 90% over the last six months.
- The unconfirmed report has introduced significant short-term volatility for XRP as the market awaits an official statement from either firm.
