RLUSD Trading Volume Explodes by 2,000%! What Secrets Are Hidden in Ripple's Stablecoin Game?
Ripple USD (RLUSD) trading volume surprisingly surged to $611 million, an increase of 2,000%, instantly ranking it as the fourth largest stablecoin by trading volume! However, its market cap is only $53 million, and there are many mysteries behind this surge in market data:
Dominated by a Single Platform: 96% of the trading volume is concentrated on the Bullish exchange, supported by Peter Thiel, and six RLUSD trading pairs ignited the market right after launch! Low Liquidity Concerns: The RLUSD/USD pair has insufficient liquidity yet supports astonishing data; could this be driven by Ripple products? Proof of Assets to Be Released Soon: Ripple is minting new coins and launching transparency initiatives, does this indicate a complete rewrite of the stablecoin market landscape?
Some see a rising hope, while others question the false prosperity. But one thing is certain: Ripple is playing a big game. Is it a rising star in the spotlight or a testing ground for capital operations? Don’t miss the wealth codes hidden behind it!
