Ripple Issues $10M RLUSD as XRP Whales Accumulate 380M Tokens

Ripple Mints $10 Million in RLUSD

On August 10, 2026, Ripple minted $10 million in Ripple USD (RLUSD) on the XRP Ledger, marking a significant issuance within its regulated stablecoin framework. This minting is part of Ripple’s ongoing initiatives to expand its stablecoin offerings.

Recent Whale Activity

Data from Santiment, as shared by analyst Ali Martinez, indicates that XRP whales have accumulated over 380 million XRP within the past week. As of August 10, XRP prices were trading near $1.03, staying close to the essential $1 threshold, even amid this substantial accumulation.

Market Capitalization Insights

According to RWA.xyz, RLUSD’s market cap sits at approximately $1.53 billion, indicating a decline from Ripple’s reported $1.7 billion levels from June. The recent minting of RLUSD contributes to the ongoing dynamics of the stablecoin market but does not signify that $10 million has directly injected into broader market circulation.

Understanding the RLUSD Minting Process

The issuance of RLUSD does not automatically mean there was substantial market buying or direct flow into XRP; rather, it is a part of Ripple’s treasury and settlement operations which allows approved customers to manage their RLUSD transactions. The process is designed to accommodate current institutional demands.

Whales’ Accumulation Patterns

While Martinez highlighted the recent whale buying spree, he pointed out that the motivations behind these purchases are speculative. The volume significantly surpassed the 70 million XRP accumulated by whales during one week in July, hinting at growing interest from larger holders.

XRP Price Movements

Despite the notable accumulation from whale investors, XRP’s price has not achieved a breakout. The token remained at approximately $1.03, reflecting a slight decline of 0.4% over 24 hours and about 2.8% over the past week. The trading range observed was between $1.03 and $1.05, emphasizing the need for XRP to maintain stability around the $1 mark.

Future Developments

Looking ahead, observers are keen to see whether the newly minted RLUSD will transition into broader circulation and how it might affect the overall supply dynamics. Ripple has not disclosed any specific minting schedules moving forward, making the future movements of RLUSD uncertain.

The current state of XRP reflects a disconnect between Ripple’s operational expansions and the market performance of its associated token. As developments unfold, the relationship between stablecoin issuance and XRP price movements will be closely monitored.