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.
Related News
How high can Bitcoin price go before Trump's inauguration? Solana Optimistic Network Unveils Exciting SOON Testnet for Public Trials Investor Dan Tapiero Says Ethereum Is Too Cheap, Predicts ETH Will Explode by Over 171% – Here’s His Timeline Non-technical jobs in Web3: Why companies are paying premium salaries Cardano taking flight with +25% in the last 3 days Tron Founder Justin Sun Says Buy Ethereum Instead of Selling Here’s How Donald Trump’s Win Changes Ripple v. SEC Appeal Timeline: Expert Will Powell's Speech Delay XRP Price Surge to $1.3? Unstoppable Domains integrates Monero usernames with Cake Wallet Shytoshi Kusama Reveals Astonishing Crypto Data from Gemini Exchange Tonhub Visa Card Brings TON and USDT Payments to EU Users Bitcoin remains ‘niche phenomenon,’ Swiss central bank says Ethereum Jumps 10% As DeFi Sentiment Rebounds With Trump’s Victory Ether set for $3.2K breakout as ETH ETF inflows turn positive Good News from Binance for Ripple (XRP) and Dogecoin (DOGE) Users! Cosmos (ATOM) Approaches Key EMA Resistance: Potential for Further Gains or Risk of Pullback BONK Price Surges 14.8%, Analysts Predict Bullish Wave Formation From 6.3 Trillion to 2.5 Trillion Shiba Inu (SHIB) in 24 Hours: What's Up? Catizen’s Next Move? Analyst Hints at Bullish Rally for CATI These AI Crypto Projects Are Poised to Explode This November Top Lawyer Reveals What Happens to Ripple v. SEC Case Under New US Administration SUI Network’s DEX Volume Surpasses Solana, Indicating Potential for Future Growth BlockTower Capital Makes DeFi Token Purchases In the Last 12 Hours POPCAT Flips FLOKI, Eyes BONK: Cat Meme Coin Rally Soon? Whales Were Stacking These Coins Before the 2024 U.S. Election Cardano Takes Flight with 25% Gain—Retail FOMO May Soon Follow Brazil’s digital asset imports surge by 60% BTC price sets fresh all-time high near $77K amid 'long squeeze' fears BlockFi Lost California License Two Years after Bankruptcy Cronos price analysis: here’s why CRO could surge 40% Injective to Offer AI-Enabled Finance in Partnership with Fetch.ai’s ASI Here’s How Much 1 Shiba Inu Can be Worth if SHIB Reaches a $100B Market Cap Private key and phishing “most prevalent,” crypto scams security firm says Upbit Expands Solana DEX with New DRIFT Trading Pairs Will Crypto Markets See New Peaks as $3.7B Bitcoin Options Expire Today? NEAR Struggles: Is There Hope Amidst the Bearish Signals? SEC Is "Done," Former Official Says 3 Possible Reasons Behind Cronos’ (CRO) 50% Weekly Surge LUNC News: OrbitLabs Proposes Testing for New Terra Classic's Tax Mechanism XRP sees bullish momentum following $123 million increase in open interest Ripple Resumes RLUSD Movement, Stablecoin Launch Soon? Cardano price prediction: Experts see ADA token going parabolic Shiba Inu Price 2.5X Breakout Could Unlock $3.45B in Profits Ripple CEO Sees a Bullish Future for XRP Under Trump Governance Is $90K Bitcoin's Next Big Test? Trendline Analysis Reveals Insights Amid SOL/BTC Breakout: Godbole Avalanche Foundation Completes Buyback of 1.97M AVAX Tokens from Terra’s Defunct Guard Fund Mastercard's Pay Local Launches, Connecting 2 Billion Users to 35 Million Merchants Major U.S. Banks Holding Bitcoin: A New Era in Digital Asset Investment Grayscale GBTC Sees $7.3 Million Net Inflow as Mini BTC Surges with $20.4 Million How many cryptocurrencies are there? A growing industry Ethereum Foundation reports treasury holdings of $788 million in crypto, mostly in ether Robinhood's Dan Gallagher Donald Trump’s Pick for SEC Chair? Binance Hits $8.3B Open Interest High—Here’s What It Signals For the Crypto Market Trumps victory could “shake things up” in crypto industry Post-Election Surge: Trump-Themed Coins Gain Attention Is Chainlink Primed for a Shift as Outflows Surge? XRP Price Gains Fade Once Again: Will Support Hold? Dapps' revenue hits $164M in October amid growing adoption Binance Hits $8.3B Open Interest High—Here’s What It Signals For the Crypto Market BTC investors pour $1.1B into BlackRock ETF as Bitcoin marks another high Whales drive NFT comeback on BNB Chain in Q3: Messari Coinbase wrapped Bitcoin deploys on Solana, aimed at growing DeFi market North Korean Hackers Target Crypto Firms in ‘Hidden Risk’ Campaign BNB Price Set to Surge: Could It Be the Next Big Mover? Ethereum Nears $3000 After Crossing $2900: What Changed for ETH? Solana Memecoins Boom With SOL AT $200; DOGE, JTO Soars Solana climbs above $200, bitcoin hits new high amid extended post-election rally Cyber dystopia loading: Trump/Ishiba alliance, new CCP-style surveillance law in Japan’s future? Here Are Returns if $10, $100, or $1,000 Was Invested in Shiba Inu at the Initial Price of $0.0000000013 MAGA and Other Politically Themed Tokens Experience Major Sell-Off as Investors Take Profits Ethereum Price Rise Targets $3,000: Will It Cross the Mark? Top Analyst Says No Surprise if XRP Hits $4 as it Pumps to 5-Week High Bitcoin Price Advances Again: Can Bulls Push It Even Higher? Will XRP Price Rally To $1 After Hitting Monthly High? Extra Large Crypto Whales Withdraw 1,897 $BTC Worth $142.6M from Binance Block Inc’s Bitcoin revenue stagnates in Q3, shares drop 12% on revenue miss Anthropic, Palantir follows Meta’s lead taking AI to war Dormant $1.14 Billion Ethereum Whale Awakens: Begins Selling After 8 Years Republicans Look Set to Clinch Electoral Sweep, Echoing Polymarket Bets 'Not your keys, not your blockchain': DEGEN L3 can't switch 'rollup-as-a-service' providers from firm holding its keys GALA Rallies To 20% Weekly Gains, Eyes Key Resistance at $0.02717 Solana Jumps to $200 as Bitcoin Price Sets Another All-Time High Analyst Puts Bitcoin Price Ceiling At $137,000, But Is This The Highest BTC Can Go? Monkey See, Monkey Flee: 43 Rhesus Rebels Are on the Loose, Meme Coins Go Bananas Trader Says Telegram Gaming Token Primed To Rally by Nearly 100%, Updates Outlook on Ethereum and Dogecoin Caroline Ellison Starts Prison Sentence for FTX Fraud Toncoin Price: Crypto Expert Reveals Secret to $8 Target! Shiba Inu (SHIB) Not Moving Up, XRP Receives Bulls' Blessing for Bullrun, Ethereum (ETH) Finally Made Substantial Comeback Hackers Demand $125K in French Bread in Crypto Ransomware Attack Fed Chair Jerome Powell Teases "Policy Recalibration" Ahead: What it Means Coinbase Brings its Wrapped Bitcoin to Solana Shiba Inu Hits Monthly Peak — Is Another Record-Breaking Rally Coming?