20 Million RLUSD Rapidly Moved, Flowing into Market

Ripple continues to mint $RLUSD stablecoins, injecting them into the market, while $RLUSD is gaining traction pretty fast. Over the past three days, a staggering $RLUSD batch has flown into exchanges.

20 million $RLUSD goes to crypto market

As reported by U.Today earlier, over the past two days, Ripple Treasury has minted and transferred roughly 17 million $RLUSD — its new product, which was launched on the market a week ago and has already been listed by many crypto exchanges.

Less than a dozen batches of $RLUSD, some coming close to two million coins, were shoveled by anonymous wallets affiliated with Ripple. However, relatively fresh data from the Ripple Stablecoin Tracker X account has revealed that almost 20 hours ago, another 3,000,000 $RLUSD were transferred.

Currently, the Ripple U.S. stablecoin occupies the 2,943rd position on the CoinMarketCap scale with a market capitalization value of $53.1 million.

Anonymous $XRP transaction hits Coinbase, here's nuance

Popular blockchain sleuth Whale Alert, which monitors large cryptocurrency transactions and shares the details on the X social media platform, has spread the word about a large amount of $XRP that has hit the largest U.S.-based crypto exchange, Coinbase.

The above-mentioned source of blockchain data tweeted that less than two hours ago, 30,171,667 $XRP (equal to $69,244,848 in fiat) were mysteriously shoveled by an unknown wallet to the Coinbase crypto trading platform.

$XRP-focused explorer Bithomp commented that the “anonymous” wallet that initiated the transaction was initiated by a blockchain address affiliated with Coinbase, making it an internal transaction on this exchange.

Meanwhile, on Tuesday, the $XRP price demonstrated an unexpected surge of 5.34%, which can be attributed to the annual “Santa rally” on financial markets. By now, though, $XRP has shed almost all of those gains, losing 3.35% and changing hands at $2.6507.