Ripple recently minted an additional $50 million of its RLUSD stablecoin on the Ethereum blockchain, pushing the total supply close to an internal record and nearly matching the amount on its native XRP Ledger. This shift highlights growing capital flow towards Ethereum, where RLUSD supply increased by $173.4 million in the past month, while XRP Ledger saw a net outflow. The move reflects market preference for Ethereum's ERC-20 infrastructure, especially among large businesses and DeFi users, signaling Ripple's pragmatic adaptation despite potentially sidelining its own XRP token.
Large XRP holders, or whales, have increased their accumulation near the $1 price level, buying over 72 million tokens in 24 hours and more than 452 million in recent weeks. This buying activity is helping offset weakening institutional demand, as XR...
XRP's price fell below $1 for the first time in over 600 days, despite record adoption metrics on the XRP Ledger. This break below a key psychological support level raises concerns about the token's short-term strength, especially as major institutio...
U.S. spot bitcoin ETFs experienced a significant outflow of $131.13 million on Thursday, led by major funds including ARK 21Shares and Fidelity. In contrast, Ether ETFs gained $6.72 million and XRP ETFs added $2.25 million, indicating growing investo...
XRP's price has declined amid uncertainty over the delayed Digital Asset Market Clarity Act, causing investor sentiment to weaken and trading volumes to drop. This has led some XRP holders to explore alternative strategies like UE Crypto's cloud mini...
XRP whales have purchased an additional 72 million coins at the $1 price level, increasing their total holdings to 12.18 billion XRP. This buying activity is offsetting the decline in institutional interest, as XRP ETFs' net assets fell below $1 bill...
