Within the final 24 hours, Ripple’s RLUSD stablecoin has seen a rise in exercise, with 15,742,960 RLUSD moved throughout varied transactions, in accordance with Ripple stablecoin tracker knowledge. This development highlights the rising curiosity within the Ripple stablecoin amid the present market uncertainty.
Ripple Stablecoin Tracker, a neighborhood account on X monitoring the minting, redemption and switch of Ripple’s RLUSD, has reported a number of transactions within the final 24 hours, the vast majority of which included RLUSD being transferred between unknown wallets and one from the RLUSD treasury into unknown wallets.
🚨🚨🚨🚨🚨🚨 1,800,010 #RLUSD transferred from unknown pockets to unknown pockets.https://t.co/A9CDbH8ajx
— Ripple Stablecoin Tracker (@RL_Tracker) January 13, 2025
The newest are two transactions every of 1,800,010 RLUSD transferred between unknown wallets.
Others embody: two transactions every of 1,000,000 RLUSD transferred between unknown wallets; two transactions every of 800,000 RLUSD and 500,000 RLUSD despatched between unknown wallets; one other 500,000 RLUSD transferred from RLUSD Treasury to an unknown pockets; two transactions of 1,600,000 RLUSD; 1,542,940 RLUSD exchanged between unknown wallets; and two transactions every of 1,400,000 RLUSD transferred from unknown wallets.
Ripple stablecoin launched globally on exchanges on Dec. 17, 2024 and has since gained traction. Up to now week, Bitstamp introduced the itemizing of Ripple USD (RLUSD) on the Ethereum community.
RLUSD explodes 123% in buying and selling quantity
Ripple’s RLUSD stablecoin has seen a 123% enhance in buying and selling quantity, in accordance with CoinMarketCap knowledge, indicating increased buying and selling exercise. The sharp rise in quantity comes amid the latest market uncertainty, with buyers looking for stablecoin options to climate the storm.
The cryptocurrency market skilled a sell-off in yesterday’s buying and selling session, wiping out virtually $700 million in liquidations. This led to a flight to stablecoins as merchants sought to guard their property from additional losses.
Within the final 24 hours, the buying and selling quantity of the stablecoin sector has surged 80% to surpass $156.3 billion. With $175 million in buying and selling quantity within the final 24 hours, RLUSD has overtaken DAI, one of many main stablecoins available on the market, which is reporting volumes of $133 million in the identical time-frame.
