CandleFocus 20 Million RLUSD Rapidly Moved, Flowing into Market
2024-12-25
Author: Content Editor
Ripple has been minting and transferring large amounts of its RLUSD stablecoin, with approximately 17 million coins being transferred in the past two days. An additional 3 million RLUSD was recently transferred, increasing the total market capitalization of the Ripple U.S. stablecoin to $53.1 million. In a separate development, a significant amount of XRP has been transferred to the Coinbase exchange, with 30,171,667 XRP worth $69.2 million being moved from an unknown wallet. It was later revealed that the transaction was an internal transfer within Coinbase. The XRP price experienced a surge of 5.34% on Tuesday, but has since lost most of those gains.
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