Ripple has burned more than 32 million RLUSD tokens on Ethereum, triggering fresh speculation across the crypto market.
The massive burn instantly caught traders’ attention, with many believing Ripple may be adjusting liquidity, reducing supply, or preparing for bigger institutional activity around RLUSD.
The move also highlights Ripple’s growing activity on Ethereum alongside the XRP ecosystem. As stablecoin competition heats up, RLUSD is starting to gain more attention from both traders and institutions.
While Ripple has not fully explained the reason behind the burn, one thing is clear the market is watching RLUSD very closely right now.