Data shared by the Ripple Stablecoin Tracker account on Ripple USD stablecoin. The tweets show that those transactions took place after new coins were minted.

Last week, Ripple launched its new product that is expected to explode the cryptocurrency market in the near future.

17 million RLUSD were transferred after minting

According to the aforementioned data source, nine batches of RLUSD were recently minted by the Ripple treasury and transferred via wallets marked “unknown” to anonymous wallets.

The largest transfers contain 3,000,000 RLUSD and 2,999,990 RLUSD. Small businesses transferred 1,201,088 RLUSD and 500,000 RLUSD. All of these transfers were made between anonymous wallets, likely belonging to Ripple's treasury since the stablecoin was officially launched only last Monday.

Last Friday, Ripple moved almost as well 10 million RLUSD stablecoins in 1 hourin one million blocks at once, some of which were sent to the Uphold exchange based in Lithuania. The San Francisco-based blockchain company also created a campaign to promote its new product in the market, with several senior Ripple executives speaking about RLUSD and its bullish prospects in the market.

Ripple's CTO sparks a discussion about cryptocurrencies with a pre-Christmas tweet

David Schwartz, Ripple's chief technology officer, took to his X account to send a message to his followers before Christmas. He wrote on Twitter: "What do you want for Christmas? Only wrong answers."

Quite expectedly, many of his followers started talking about XRP, RLUSD, and other cryptocurrencies. Some spoke about their predictions for the rise in XRP prices: “$5.89 XRP”, “20 big black gym bags to store my . Yes, it is an unlikely false result.

Some mentioned other popular cryptocurrencies, such as USDT and SHIB: “Tether de-peg” and “Shiba Inu to Rocket.”

Meanwhile, the fourth-largest cryptocurrency, XRP, saw a 4.2% increase. Since Saturday, XRP has been moving in a range around the $2.23 level, striving to break through this resistance and reclaim its recent highs, when XRP was close to reaching the $3 price level. At the time of writing, the coin is trading at $2.23674.