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Ripple's RLUSD Activity Sees Notable Increase

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by A1

9 hours ago


The last 24 hours have seen a significant increase in Ripple RLUSD activity, highlighting growing interest amid market uncertainty.

Surge in RLUSD Activity Over the Past 24 Hours

According to the Ripple stablecoin tracker, 15,742,960 RLUSD were moved across various transactions in the last 24 hours. This trend reflects increasing interest in Ripple RLUSD in light of the current market instability.

Recent RLUSD Transactions

Ripple Stablecoin Tracker, a well-known account on X, has reported several transactions involving RLUSD transfers between unknown wallets. The most notable are two transactions of 1,800,010 RLUSD transferred between unknown wallets.

RLUSD Trading Volume Explodes by 123%

CoinMarketCap data shows that Ripple RLUSD’s trading volume has surged by 123%. This sharp increase comes amid recent market uncertainty, with investors turning to stablecoins as a safe haven.

The surge in RLUSD activity and trading volume underscores the growing appeal of stablecoins as stable assets in volatile market conditions.

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