While RLUSD is quickly gaining popularity, Ripple keeps pumping more stablecoins into circulation. A massive influx of RLUSD has been exchanged over the last three days.
20 million RLUSD in the Crypto market
Ripple Treasury’s new product, which debuted a week ago and is now listed by numerous Crypto exchanges, has minted and transferred around 17 million RLUSD, according to an earlier report by U.Today. Anonymous Ripple wallets shovelled less than a dozen batches of RLUSD.
With some batches reaching nearly two million currencies. A further three million RLUSD were transferred over twenty hours ago, according to recent statistics from the Ripple Stablecoin Tracker X account. With a market valuation of $53.1 million, Ripple U.S. stablecoin is now positioned 2,943rd on the CoinMarketCap scale.
Anonymous XRP transaction hits Coinbase
Word has circulated about a big sum of XRP that has hit the main U.S.-based Crypto exchange, Coinbase, thanks to popular blockchain sleuth Whale Alert, which tracks major cryptocurrency transactions and shares the facts on the X social media platform. An unidentified wallet pushed 30,171,667 XRP (equivalent to $69,244,848 in currency) Into the Coinbase Crypto.
Trading platform less than two hours ago, according to the aforementioned blockchain data source. It was an internal transaction on Coinbase, according to XRP-focused explorer Bithomp, since the “anonymous” wallet that started the transaction was associated with a Coinbase blockchain address. The annual “Santa rally” on financial markets is responsible for Tuesday’s surprising surge of 5.34% in the XRP price. At the current price of $2.6507, XRP has lost nearly all those gains, a loss of 3.35%.
Summary
Ripple is rapidly increasing the circulation of its stablecoin, RLUSD. With a significant influx into exchanges in the past few days. In the last week, Ripple’s Treasury minted and transferred around 17 million RLUSD. With some batches as large as two million units. RLUSD now has a market valuation of $53.1 million, ranking 2,943rd on CoinMarketCap.
Additionally, a major XRP transaction worth over $69 million recently hit Coinbase. The transaction was an internal transfer between Coinbase wallets, linked to the exchange’s blockchain address. Despite a recent XRP price surge due to the “Santa rally,” the cryptocurrency has lost most of those gains.
[sp_easyaccordion id=”5578″]
