Ripple’s Minting Madness: 9.1 Million RLUSD and Counting! 💰🚀

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Ah, the digital realm of Ripple, where numbers dance like fireflies on a summer night! 🌌 In a delightful twist worthy of the grandest of tales, our blockchain titan has decided to don its minting hat once more, unleashing a flurry of Ripple USD (RLUSD) stablecoins upon the unsuspecting world.

After a languorous hiatus exceeding two weeks—a time so long one might have thought Ripple was pondering the meaning of life—three magnificent mints were spotted in the wild yesterday. Each a veritable feast for the financial fowl! 🦢

💵💵💵💵💵💵 4,000,000 #RLUSD minted at RLUSD Treasury.

— Ripple Stablecoin Tracker (@RL_Tracker) February 27, 2025

The Grand Resurrection: 9.1 Million RLUSD!

According to the ever-observant Ripple Stablecoin Tracker, our beloved behemoth minted three staggering batches on this fine Thursday: a princely sum of 3,100,000 RLUSD, followed by an even more majestic 4,000,000 RLUSD, and of course, a delightful cherry on top with 2,000,000 RLUSD. 🍒

The latest of these bountiful offerings sprouted just five hours ago, as if to remind us that good things come to those who wait—or perhaps to those who just refresh their feeds incessantly! 🙄

💵💵💵💵💵💵 2,000,000 #RLUSD minted at RLUSD Treasury.

— Ripple Stablecoin Tracker (@RL_Tracker) February 28, 2025

The first batch of 3.1 million RLUSD was akin to a long-lost prodigal son returning home after seventeen days of contemplation and existential dread.

Prior to this, Ripple had sent forth a modest 625,000 RLUSD into the wild on February 10, only to go dark for what felt like an eternity in crypto time. ⏳

Curiously enough, while the XRP ledger welcomed 3,100,000 RLUSD into its arms, the other two bounties found their way to the Ethereum chain. Ah, the beauty of blockchain diversity! 🌈 These two chains are currently the exclusive playgrounds for RLUSD, but fear not! Cardano’s own Charles Hoskinson has hinted at a future rendezvous with Ripple’s USD team, promising the possibility of RLUSD frolicking in new pastures soon.

As for the present, RLUSD holds court at the 513th throne on CoinMarketCap, boasting a market capitalization of $53.1 million—an amusingly hefty number, wouldn’t you say? Over the last 24 hours, trading volume has spiked by a staggering 36.42%, as the marketplace buzzes with excitement over Ripple’s minty revival.

When XRP Network Takes a Nap: Activity Plummets by 50%

But alas! Not all is merry in the land of XRP. Just this week, whispers of a catastrophic 50% decline in network activity have surfaced, sending shivers down the spines of crypto enthusiasts everywhere. 👻

Data from the ever-reliable Glassnode, shared by the cryptic analyst Ali Martinez, reveals that active XRP wallets dwindled from a robust 202,250 at the dawn of December to a mere 101,160 today—oh, the humanity! 😱

This decline coincided with a notable dip in demand for remittances and transactional payments. A tragic love story indeed—just when it seemed XRP was gearing up, it abruptly lost a million transactions by the end of January, only to rebound gloriously with 2,054,526 transactions on February 25, like a phoenix rising from the ashes! 🔥

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2025-02-28 13:21