Ripple Mints $10M RLUSD as XRP Whales Accumulate 380M Tokens
Ripple minted 10 million RLUSD stablecoins on the XRP Ledger while whale addresses accumulated 380 million XRP, according to Santiment data. XRP remained near $1 during the period.
Published by CoinArticle’s AI-assisted newsroom · written from 1 cited source. How we work
Stablecoin Minting and Whale Activity
Ripple minted 10 million RLUSD, the company's stablecoin pegged to the US dollar, on the XRP Ledger. Concurrent with the minting activity, on-chain analytics firm Santiment reported that whale addresses—typically defined as holdings exceeding a certain threshold—added 380 million XRP to their combined positions.
Market Context
XRP remained near the $1 price level during this period. The combination of increased stablecoin liquidity on XRPL and large-holder accumulation suggests sustained institutional or sophisticated investor interest in the Ripple ecosystem, though the transactions do not indicate a directional price move.
Why It Matters
For Traders
Whale accumulation and stablecoin minting can signal preparation for volatility, but price stability near $1 suggests no immediate directional bias.
For Investors
Growing RLUSD supply and whale positioning indicate institutional confidence in XRPL as a settlement layer, though scale remains small relative to competing stablecoins.
For Builders
Increased on-ledger stablecoin liquidity expands the capital available for XRPL-native DeFi and payment applications, lowering friction for cross-chain settlement.
This article is for information only and is not financial advice. Read the full disclaimer.
