Ripple’s newly launched RLUSD stablecoin has seen significant movement in the last 12 hours. According to data from the Ripple Stablecoin Tracker on X, nearly 20 million RLUSD was transferred across almost a dozen transactions. These transfers occurred shortly after minting, reflecting Ripple’s growing efforts to expand its stablecoin presence.
Ripple Treasury Leads the Transfers
Ripple Treasury minted nine batches of RLUSD and moved them through wallets marked as “unknown” to anonymous destinations. The largest transfers included 3,000,000 RLUSD and 2,999,990 RLUSD, while smaller amounts moved 1,201,088 RLUSD and 500,000 RLUSD.
These wallets, likely affiliated with Ripple Treasury, facilitated the transfers just days after the stablecoin’s official launch. Last Friday, Ripple moved 10 million RLUSD in just one hour.
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These transfers occurred in one-million-lump transactions, with some sent to the Uphold exchange in Lithuania. Ripple has actively promoted its new stablecoin, with top executives highlighting its potential to revolutionize the market.
Community Buzzes with Optimism
Ripple’s actions have sparked excitement among crypto enthusiasts. Many speculate about XRP’s price surge, posting optimistic predictions like “$5.89 XRP” and “XRP at $20.” Others humorously discussed the impact of RLUSD and related cryptocurrencies on their lives.
Related article: Ripple’s RLUSD Stablecoin Gains Traction, XRP Hits New Highs
Meanwhile, comparisons to other cryptos like USDT and SHIB have also emerged, with users commenting on Tether’s stability and Shiba Inu’s potential rally. XRP, Ripple’s fourth-largest cryptocurrency, has shown resilience. The coin recently gained 4.2%, trading within the $2.23 range since Saturday.
XRP aims to break through resistance at $2.23674 and reclaim its previous high near $3. Ripple’s momentum, combined with RLUSD’s activity, continues to keep the market intrigued.
