🚨 RIPPLE RLUSD: MASSIVE BURN ACTIONS SHOCK ON-CHAIN DATA
🔥 In the last 30 days, about $539 million USD worth of RLUSD has been burned
🌐 Majority of the activity on Ethereum
👉 especially intensive phase between June 2 and June 12
⚠️ Notable:
Several large single transactions have sharply reduced the supply
📉 Result:
– Burns far exceed Mints
– Net supply of RLUSD noticeably declines
🔄 Structural change:
Increasingly more activity appears to be shifting towards the XRP Ledger
📊 Market mechanics:
👉 short‑term supply tightening through aggressive supply adjustments
