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Ripple Stuns Market With Mysterious 60 Million XRP Move as Price Jumps 10%
Ripple’s latest move has left the crypto community stunned and perplexed. The company has minted a staggering 60 million XRP, which has caused a significant surge in the market.
This recent development has led to a 10% increase in Ripple’s price, leaving many wondering what this sudden influx of coins is meant for. Some speculate that it may be related to the upcoming stablecoin rollout, RLUSD, while others believe it could be a strategic move by the company to support its value.
Ripple first announced work on RLUSD back in March and began testing it in a closed beta environment in August. The company confirmed plans to release the stablecoin on both XRP Ledger and Ethereum, with some rumors suggesting Tron blockchain may also see the launch soon.
Despite top executives’ comments on this topic remaining silent, the community remains skeptical about the true intentions behind this massive minting operation.
Source: u.today
