CandleFocus Ripple Resumes RLUSD Movement, Stablecoin Launch Soon?
2024-11-08
Author: Content Editor
Ripple's upcoming stablecoin RLUSD has experienced significant on-chain movement before its expected launch, with high-volume transfers involving Ripple's Treasury and unidentified wallets. The transfers suggest possible liquidity preparations, wallet testing, or strategic distribution. Analysts speculate that Ripple may be aiming to stabilize RLUSD's price or establish a liquidity pool. Additionally, Ripple transferred 470 million XRP tokens, valued at around $250.45 million, to an undisclosed wallet, sparking speculation about its purpose. Some suggest strategic maneuvers related to its On-Demand Liquidity service or allocation for legal expenses in its legal conflict with the SEC.
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