It has just been announced that Ripple burned approximately 53 million RLUSD today. The burning happened in a series of transactions across two blockchain platforms — XRP Ledger and Ethereum. As many may know, Ripple's stablecoin will be launched on two blockchains — XRPL and Ethereum. So, the first batch of RLUSD worth 40.17 million was burned on the XRPL base, but the next one worth 14 million was burned in Ethereum. The long-awaited launch of Ripple's USD is expected to take place before the end of the year. This has been hinted at by top executives of the San Francisco-based company.
【Ripple Urged to Prepare for IPO as SBI Sees XRP Driving Financial Innovation】
Talks about @Ripple potentially launching an initial public offering (IPO) have gained traction. Responding to a social media post celebrating XRP’s rise to the sixth-largest cryptocurrency by market capitalization, SBI Holdings CEO Yoshitaka Kitao stated on X on Saturday:
Ripple should begin preparing for its IPO as soon as possible once the SEC matter is resolved.
#XRP! Is Just Getting Started. Here's just five things coming that could all send it further: 1. Gary Gensler Resignation 2. Ripple Lawsuit Ends 3. XRP ETFs 4. Real USD Launch 5. Crypto Legislation $XRP
🚨 RIPPLE TO LAUNCH IPO IN USA AS GARY GENSLER PACKS HIS BAGS AFTER FINAL PLEE TO UPCOMING PRESIDENT TRUMP FAILS!!
TOP DEFI TOKEN ON XRP LEDGER is about to skyrocket!! WITH THE MASSIVE FLOW COMING IT will only take $20 billion market cap to jump from $0.50 to $748.50 per token!
THIS IS MASSIVE!!! AND COMING!!
CTF token is gold mine!! if you thought #XRP getting to a dollar was massive wait to see when CTF gets to $748.50 and it only takes $20 billion market cap!! $XRP
🚨 Crypto market at $3 Trillion is nothing as Ripple expects $30 Trillion on #XRP ledger alone!! Get ready for massive supply shock to top defi on XRPL!!
When we said that you will soon use crypto directly and fiat was over you thought we were joking!!! Top defi token on XRPL, CFT token now allows you to buy products directly!!! No fiat!! What’s even crazier the total supply is only 120 million tokens!! That’s it!!!
$20 billion market cap sends CTF token from $0.50 to $745.50 per token!!! The money that’s going to be made by those paying attention is nuts!!
I packed up already!! Holding my gold CTF token bags!! $XRP
Why I think that $PEPE can pull an $XRP move : 👉Very similar chart structures 👉Already at 10B MC before alt season begins 👉Most known memecoin, listed in all major exchanges 👉Normies looking for the next $DOGE /FOMO 👉Undeniably a memecoin cycle 👉ETH/BTC bottomed
🥳📈 #xrp has now broken a 3-year high, reaching $1.2679 on Binance for the first time since November 11, 2021. This rally has come on the backs of key whale & shark wallets that hold between 1M-100M tokens. This group has collectively accumulated 453.3M more tokens (worth $526.3M) in the past week alone.
Meanwhile, the coins that they are accumulating are mainly coming from retail traders attempting to dump their coins on any small XRP rally. Wallets with under 1M XRP have collectively dumped 75.7M tokens (worth $87.9M) this past week.
Historically, any cryptocurrency tends to see positive market cap growth when its key stakeholders are increasing their holdings and confidence, while simultaneous retail FUD fuels this growth more. This has been the exact scenario unfolding for crypto's now #6 market cap asset. 👍$XRP