XRP News Today: Ripple Shuffles RLUSD and Transfers $250 Million in XRP

The post XRP News Today: Ripple Shuffles RLUSD and Transfers $250 Million in XRP appeared first on Coinpedia Fintech News

Ripple just set the crypto world buzzing by moving a whopping 294,000 RLUSD stablecoins! The big transfers, including a notable 78,500 RLUSD from Ripple’s Treasury to an unknown wallet, seem to hint at the final touches for RLUSD’s big launch. Blockchain data shows Ripple shuffling tokens across multiple wallets, possibly testing functionality and prepping liquidity ahead of the debut.

Analysts believe these moves are Ripple’s way of making sure everything’s set for RLUSD’s smooth entry into the market. Additional transfers of 68,500, 58,500, and 88,500 RLUSD followed, sparking speculation that Ripple is likely testing wallets or prepping liquidity.