🚀💥 Ripple Ignites the Crypto Sphere: 12 Million RLUSD Destroyed, XRP is Set to Soar! 😱🔥

Ripple's Bold Move to Destroy

On Tuesday, Ripple destroyed 12 million RLUSD stablecoins, setting a record for the largest single destruction! On-chain data shows that at 11:05 UTC on April 22, tokens were sent to a burn wallet, permanently exiting the XRP ledger, aimed at reducing supply, creating scarcity, and boosting demand.

New Cross-Chain Liquidity Strategy

XRPL validator Vet revealed that the destruction coincided with the transfer of RLUSD from the XRP ledger to Ethereum, enhancing cross-chain liquidity. Ripple's treasury simultaneously minted 12 million to maintain circulation balance.

RLUSD Surge

RLUSD trading volume skyrocketed by 200%, reaching $103 million, with a market cap of $294 million and a circulating supply of 294 million tokens. Since the launch of Aave V3, its adoption rate has surged, and XRP's price has risen alongside the market recovery.

Dream of Stablecoin Dominance

RLUSD integrates with the Ripple payment network, attracting user demand, and experts predict that it may soon capture 50% of the stablecoin market! The destruction has ignited XRP's upward momentum, is a new king rising in the bull market?