Well, well, well… it seems that the mighty Ripple, a company so dazzling in its San Francisco-based glory, has decided to wake up from its slumber. Yes, the world’s favorite cryptocurrency juggernaut has decided to grace us with its presence once more, this time with its shiny new toy – the Ripple USD (RLUSD) stablecoin. After a short and seemingly uneventful two-day break (probably contemplating its own existence), Ripple has gone ahead and minted and *gasp* burned a whole lot more RLUSD tokens. Oh, the drama!
54 Million RLUSD: Burn Baby, Burn!
According to the ever-vigilant Ripple Stablecoin Tracker (@RL_Tracker) (who I’m sure has nothing better to do), after that brief hiatus, the Ripple behemoth decided to resume issuing its dollar-pegged stablecoin like it was nothing. In the past twelve hours, a staggering amount of RLUSD has made its way into the world and then disappeared as quickly as it came, in a glorious act of token transmogrification.
About twelve hours ago, two massive chunks of RLUSD were minted, only to be ceremoniously burned by being transferred to some unspendable blockchain wallets. How poetic, how dramatic. A total of 54,000,000 RLUSD vanished into the ether like a bad dream. The first chunk? A modest 12,000,000 RLUSD. The second? A whopping 15,000,000 RLUSD. And then, just as quickly, both were burned. Classic Ripple, always keeping things interesting.
💵💵💵💵💵💵💵 15,000,000 #RLUSD minted at RLUSD Treasury.
— Ripple Stablecoin Tracker (@RL_Tracker) April 24, 2025
But wait, there’s more! Even though Ripple’s new product has already been listed on several large cryptocurrency exchanges, and even though RLUSD is already happily circulating in the market, Ripple clearly still has some ‘testing’ to do. They just can’t let go of that minting and burning love affair!
The most recent previous RLUSD mint and burn took place just two days ago, on April 23. Ripple issued and promptly burned another modest 12,000,000 RLUSD. It’s almost like a ritual now. Will it ever end? Only time will tell.
$65,353,715 in XRP—A Mysterious Whale or Just Coinbase Playing Around?
Now, let’s talk about something that has the crypto world buzzing: Whale Alert, that ever-watchful sentinel of large cryptocurrency transfers, has been up to its usual shenanigans. About 17 hours ago, it reported a massive transaction—hold onto your hats—a whopping 29,532,534 XRP, worth about $65,353,715, was transferred from an anonymous wallet to none other than Coinbase. Yes, Coinbase, the crypto exchange that holds the title of “largest US-based exchange by trading volume.” What a dramatic twist!
🚨 🚨 🚨 29,532,534 #XRP (65,353,715 USD) transferred from unknown wallet to #Coinbase
— Whale Alert (@whale_alert) April 24, 2025
Crypto enthusiasts (with nothing better to do, I presume) immediately speculated that this was a whale getting ready to sell off a massive chunk of XRP. But, lo and behold, XRPscan, the ever-astute blockchain data source, threw cold water on that idea. Apparently, this transaction wasn’t the work of some whale looking to cash out—no, no, it was an internal transfer by Coinbase itself. The exchange was simply shuffling its XRP holdings around between its own wallets. A little XRP spring cleaning, if you will.
Read More
- Unleash Your Heroes’ True Potential: Best Stadium Builds for Every Overwatch 2 Hero
- 50 Goal Sound ID Codes for Blue Lock Rivals
- Lucky Offense Tier List & Reroll Guide
- Elder Scrolls Oblivion: Best Mage Build
- Elder Scrolls Oblivion: Best Spellsword Build
- Unlock All Avinoleum Treasure Spots in Wuthering Waves!
- Best Crosshair Codes for Fragpunk
- SWORN Tier List – Best Weapons & Spells
- WARNING: Thunderbolts Spoilers Are Loose – Proceed with Caution!
- Indonesian Horror Smash ‘Pabrik Gula’ Haunts Local Box Office With $7 Million Haul Ahead of U.S. Release
2025-04-25 12:06