Ripple’s Activity Spike Features 54,000,000 RLUSD, Here’s What Happened

The Ripple cryptocurrency mastodon, based in San-Francisco, has taken over the activities with its recently launched product-Ripple USD (Rlusd) Stablecoin. After a two -day break, he struck and also burned more Rlusd tokens. A massive quantity of Rlusd has been involved here in the last twelve hours.
54 million Rlusd have burned and struck
The data shared by the Ripple Stable Coin Tracker account (@rl_tracker) reveals that after a two -day break, the ripple giant resumed the delivery of its stablecoin USD with a dollar.
About twelve hours ago, two Rusd pieces were struck and then incinerated by being transferred to essential blockchain portfolios: 12,000,000 Rlusd and 15,000,000 Rlusd were issued and the same two pieces were burned later, which in fact 54,000,000 Rlusd in total.
It seems that Ripple continues to test his new product despite the fact that he has already been listed by several major cryptocurrency exchanges and already circulates on the market.
Before today, the most recent mint and burn took place on April 23, when Ripple issued and also burned 12,000,000 Rlusd.
$ 65,353,715 in XRP goes anonymously in Coinbase
The Whale Blockchain Tracker alert, which monitors major cryptocurrency transfers and shares their contact details on its website and its X profile, informed the XRP community of a massive transaction which took place about 17 hours ago.
According to the message published by this data source, an anonymous portfolio owner transferred 29 532 534 XRP to the greatest exchange of American crypto in negotiation volume – Coinbase.
Some crypto enthusiasts said in the comments that it was probably a whale selling XRP. However, the data shared by XRPSCAN refuted this hypothesis. According to him, this transaction was launched by Coinbase itself, which makes it an internal transfer while Coinbase reshapes its XRP participations, spreading them between its own portfolios.