Well, well, well! Ripple‘s big cheese, Brad Garlinghouse, just dropped a tweet that’s juicier than a ripe tomato! 🍅 He’s giving us the scoop on Ripple’s quarterly XRP markets report, and boy, does it have more twists than a pretzel factory! 🥨
Garlinghouse is strutting his stuff, highlighting some snazzy XRP ETF filings that have been popping up like popcorn at a movie theater! 🍿 Last quarter was a blockbuster, folks!
Hold onto your hats, folks! Q4 2024 was absolutely one for the XRP history books!
5 different firms filed for XRP-related ETPs in the US (plus 4 more this month); $RLUSD launched, hitting a $100M market cap within a month; and on-chain XRPL DEX trading volume reached $1B in Q4!
More…
— Brad Garlinghouse (@bgarlinghouse) January 31, 2025
Achievements for XRP history books named by Ripple CEO
In a recent tweet, our main man Brad declared that the fourth quarter last year was “absolutely one for the XRP history books.” I mean, who needs a time machine when you have XRP? 🚀 He rattled off some achievements that would make even a goldfish proud – five finance firms filed for XRP-based exchange-traded products in the US, and four more jumped on the bandwagon this year! Talk about a party! 🎉
And let’s not forget the launch of the Ripple USD (RLUSD) stablecoin in December! It’s like the new kid on the block that just hit a $100 million market cap faster than you can say “cha-ching!” 💸 The final cherry on top? In Q4 2024, the on-chain trading volume of the XRPL DEX hit a whopping $1 billion! That’s more zeros than my bank account after a shopping spree! 🛍️
The Ripple quarterly XRP markets report also reminded us that in Q4 last year, the XRP coin skyrocketed with a massive 280% price increase! It was like watching a rocket launch, fueled by demand from top exchanges – Binance, Upbit Korea, and Coinbase, just to name a few! 🚀
Gary Gensler’s final strike against Ripple as SEC chairman
Now, let’s talk about the elephant in the room – Gary Gensler! The SEC chairman has packed his bags and is heading back to MIT to teach the fine art of confusion! 🎓 His replacement, Acting Chairman Uyeda, claims Gensler’s SEC created more “confusion about what is legal” than a cat in a dog park! 🐱🐶
But before Gensler waved goodbye, the SEC decided to throw a little tantrum and filed an opening brief in its appeal against the judge’s decisions that favored Ripple. Oh, the drama! 🎭
Ripple mints 5.56 million RLUSD
And the minting of RLUSD stablecoins is still going strong! According to the Ripple Stablecoin Tracker, in the last twenty hours, the Ripple Treasury has been minting like it’s going out of style! 💵
💵💵💵💵💵💵 2,000,000 #RLUSD minted at RLUSD Treasury.
— Ripple Stablecoin Tracker (@RL_Tracker) January 31, 2025
They cranked out 2,000,000, 2,100,000, and 1,460,131 RLUSD! That’s a lot of dough, folks! 🍞
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2025-02-01 12:13