TL;DR
- In the last 12 hours, around 17 million RLUSD have been transferred. The movements could be linked to Ripple’s treasury.
- The company has made several large-volume transactions, including one of 10 million RLUSD in one hour, aimed at strengthening the liquidity of its stablecoin in the market.
- XRP has risen 7.8% in the last 24 hours, trading near $2.31. If it breaks resistance levels, it could reach new highs.
In the last 12 hours, a notable movement involving the newly launched RLUSD stablecoin from Ripple has been recorded, with the operation totaling around 17 million units.
The transactions were carried out after the minting of new coins and took place between anonymous wallets, which could possibly be linked to Ripple’s treasury. The volume of the transfers varied, with several of them involving large amounts, such as 3 million and 2.99 million RLUSD, although smaller movements of around 1.2 million and 500,000 units were also detected.
RLUSD is having great success, and only a week has passed since its official launch. These transactions are likely part of Ripple’s strategy to promote its stablecoin. In fact, the company has shared its plans to expand its market presence, with strong backing from its executive team, which has shown great optimism about RLUSD’s prospects in the near future.
Ripple Working to Strengthen RLUSD Liquidity
Moreover, Ripple knows that its new product has attracted market attention. In recent days, the company has made several important transactions, including one involving 10 million RLUSD in just one hour, distributed in one-million-dollar lots. A portion of these funds was directed to the Uphold exchange, based in Lithuania. This type of transaction helps strengthen liquidity and establishes RLUSD as a key asset in the market.
On the other hand, XRP, Ripple’s cryptocurrency, has seen a significant increase, trading near $2.31 after rising 7.8% in the last 24 hours. Investors are speculating about its potential to break through this resistance and reach new highs in the near future.
The firm is preparing to capitalize on the new crypto market context in the United States. With the arrival of Donald Trump to the presidency, as the president has stated, clear and pro-crypto regulations will be introduced, aimed at positioning North America as the epicenter of digital assets
