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Coinbase rises to No. 3 on XRP rich list after address reclassification

Coinbase\'s XRP balance jumped 4,870.7 percent on the rich list, but it did not receive 5.5 billion new tokens, the article said. The change resulted from a reclassification after XRP ledger explorer XRPScan updated its wallet identification system and labeled 146 previously unidentified Coinbase wallets. Coinbase is now ranked third with 5.68 billion XRP across 152 accounts. Ripple remains first, while Upbit is second and Binance fourth.