You Won’t Believe What Ripple Just Did to RLUSD-Burn Baby Burn! 🔥

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Oh, look who’s back in the news again! It’s Ripple and their U.S. dollar stablecoin, RLUSD, doing what it does best: setting millions of dollars worth of tokens on 🔥. That’s right, folks. Over 2.71 million RLUSD were just *poofed* into oblivion at the treasury. According to the tracker (because apparently we track these things now), they sent them to a null address on Ethereum on September 9th. Big move? Sure. Surprising? Not really. This is basically Ripple’s version of spring cleaning-if spring cleaning involved torching your garage full of Beanie Babies.

And before you ask, no, this isn’t some one-off tantrum burn. Nope. In true “go big or go home” fashion, Ripple has been burning through tokens like it’s Black Friday at Target. Just two weeks ago, they incinerated 1,000,000 RLUSD-not once but twice! Once on September 3rd and another time on August 29th. All told, nearly six million RLUSD have disappeared faster than my motivation to hit the gym after Labor Day. 🏋️‍♀️💨

🔥🔥🔥🔥🔥🔥 2,714,248 #RLUSD burned at RLUSD Treasury.

– Ripple Stablecoin Tracker (@RL_Tracker) September 9, 2025

But wait! Before you grab your pitchforks and yell “Fraud!” let me explain-or rather, let Ripple explain. These burns are apparently part of the grand RLUSD circle of life: issue when demand spikes, redeem when people cash out, and burn whatever’s left over to keep that precious $1 peg intact. Think of it as their way of saying, “We promise not to flood the market with fake internet money.” How noble. 🙄✨

So how’s RLUSD holding up under all this fiery drama? Well, according to market data (because numbers don’t lie… usually), RLUSD is trading right at $1 because OF COURSE IT IS. Its market cap sits comfortably at $728 million, while its daily volume shot past $84 million recently-more than doubling overnight. Someone alert the finance paparazzi; RLUSD is officially having a moment! 📈💥

And guess what else? The token’s total supply matches its circulating supply almost perfectly-728.51 million RLUSD still floating around out there. So basically, most of the coins minted are still alive and kicking, unlike their unlucky burned siblings. RIP, little guys. 💔

As for where you can find RLUSD? Oh, it’s everywhere. Centralized exchanges, decentralized platforms-it’s like that friend who somehow manages to show up at every party. Bullish Exchange leads the charge with RLUSD/USDC and XRP/RLUSD pairs, while Uniswap v3 and Curve keep things spicy with their stablecoin swaps. Bitstamp and LMAX Digital even threw in support for major fiat/crypto pairs because accessibility matters, people! 🌐💸

So there you have it. Another wild chapter in the saga of Ripple and RLUSD-a tale of fire, redemption, and questionable financial decisions. Stay tuned for next week’s episode: “When Algorithms Attack.” 👀🔥

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2025-09-09 12:26