On Thursday afternoon, Ripple's stablecoin library burned 26 million RLUSD tokens as part of a series of transactions that quickly removed millions of tokens from the Ethereum and XRP Ledger networks. This move caused Ripple's market capitalization to drop from $1.6 billion to approximately $1.4 billion, sparking community discussions and speculation about whether this is standard liquidity management or a sign of other strategic measures.

XRP-2.98%
ETH-4.15%
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