You Won’t Believe How Little RLUSD Ripple Minted This Week! 😱

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So, here we are, folks! Ripple launches this shiny new dollar-pegged RLUSD stablecoin back in December. And guess what? It was minting like nobody’s business, millions here, hundreds of thousands there, right? Everyone was like, “Ooh, look at that!” like a dog with a new bone. 🦴

But hold on to your hats, because this week? Crickets. On-chain data trackers are dead silent on significant minting activity from Ripple Treasury—this is the group that’s supposed to be cranking out more RLUSD. What, did they take a long vacation or something? A spa retreat? Who knows!?

Meanwhile, traders are busy dancing around the 50 million RLUSD already circulating. Trading volume is up a whopping 35.66% in the past 24 hours! Can anyone say “inflation?” The stablecoin is now clinging onto the illustrious 552 spot in the grand market capitalization scale—woohoo! 🎉

💵💵💵💵💵💵 625,000 #RLUSD minted at RLUSD Treasury.

— Ripple Stablecoin Tracker (@RL_Tracker) February 10, 2025

Barely Any RLUSD Minted This Week! Shocking! Not Really.

So, it looks like the last time they minted any real amount of RLUSD was on February 10—big surprise—it was a couple of chunks, 625,000 and 425,000 RLUSD, totaling a stunning 1,050,000. Wow, they really went all out, huh?

Earlier, they took a two-day break, where they decided that creating 7,100,000 and 2,000,000 RLUSD was just too much work. Now? They’ve resorted to minting tiny little stubs containing a few thousand coins. What’s happening over there? Did they run out of enthusiasm?

According to CoinMarketCap, there are currently 53.1 million RLUSD hanging around. It’s likely Ripple thinks, “Eh, that’ll do for now.” I mean, why mint more if nobody’s looking? Classic. 🙄

Whales Making Waves: $163M in XRP Moves!

Meanwhile in the world of wealthy whales, Whale Alert, the go-to gossip for crypto transactions, spills the tea on a massive XRP transfer. A mysterious wallet sent over a whopping 60,045,505 XRP to… another mysterious wallet—great! Mystery box crypto transfers, everyone’s favorite pastime! 🎁

That’s about $163,660,947! You know, just casual change. XRP was flying high, spiking nearly 11% before facing a tragic 1.4% decline today. Sounds like the crypto version of a rollercoaster—hold on tight. 🎢

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2025-02-15 13:41