Whales or Hype? XRP Volume Soars 12,495% on Coinbase

- XRP trading volume surges 12,495.31% on Coinbase - Approval of XRP ETF, increased institutional interest, and cross-chain integration [Unblock Media] It has been reported that XRP trading volume has surged by 12,495.31% on Coinbase. According to data provided by prominent XRP community member Edward Farina (@Edward_Farina), this surge is the result of a combination of high expectations for the approval of a spot XRP ETF, increased institutional interest, and recent cross-chain integration efforts. Several factors are behind the explosion in XRP trading volume. Last May, Ripple acquired prime brokerage firm Hidden Road for $1.25 billion to increase institutional liquidity through the XRP Ledger (XRPL). This acquisition has allowed broader institutional capital to flow into XRPL and made Ripple's RLUSD stablecoin more widely used for settlement. Early this month, at the XRPL Apex 2025 event in Singapore, Ripple officially announced support for an EVM (Ethereum Virtual Machine) compatible sidechain. This support allows Ethereum-based decentralized applications (dApps) and DeFi services to run natively on XRPL for the first time. This development is seen as one that could dramatically increase developer interest and token activity. Additionally, Cardano founder Charles Hoskinson expressed interest in cross-chain collaboration with the XRP Ledger, raising expectations for liquidity integration and interoperability between layer 1 networks. This surge in trading volume coincides with the SEC’s expected decision on Franklin Templeton's spot XRP ETF application, scheduled for June 17. Analysts consider this to be one of the biggest short-term catalysts for XRP volatility and trading activity. However, while a surge in trading volume is often interpreted as a positive sign, experts warn that it could also indicate speculative overheating. For example, in March 2024, the surge in Solana's trading volume, following expectations for an ETF and partnership announcements, was followed by a 30% price adjustment after the ETF's failure. Currently, the surge in XRP trading volume reflects specific developments including acquisitions, protocol upgrades, and anticipation for the ETF. It is advisable to remain cautious as future catalysts could result in both upward and downward movements. As the market awaits the SEC’s decision, XRP remains one of the most watched assets in the digital finance ecosystem.