Ripple Burns 15 Million RLUSD Tokens on Ethereum
Ripple USD (RLUSD)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Ripple permanently destroyed 15 million RLUSD tokens on September 10, 2026, sending them to an Ethereum null address. The burned tokens, valued at approximately $15 million, were transferred from the RLUSD Treasury to a wallet with no known private key. This event follows a period of rapid treasury activity, including the minting of 18 million RLUSD on September 7.
Earlier in the month, Ripple had minted 20 million tokens on September 4 and 16 million more on September 3. These frequent mint and burn cycles indicate that RLUSD circulating supply is dynamically adjusted to match real-time customer flows. Despite these redemptions, the token's market capitalization grew from $1.76 billion on August 18 to $2.42 billion on September 10.
The burn does not necessarily signal weak demand, as it often reflects routine institutional redemption activity. Ripple continues to expand RLUSD into institutional payments, lending, and tokenization projects. The company also supported an institutional credit fund with Clearpool and Cicada Partners on the XRP Ledger in August 2026.
How the market reacted
Whalio's own Binance spot order flow for RLUSD, measured when this story was written up on 11 September 2026. Not the outlet's figures.
Whalio spot data for RLUSD shows a price of $1.00 with a 24-hour buy ratio of 54.8%, indicating that buyers dominated the last day. However, shorter timeframes show fading momentum, with the 1-hour buy ratio dropping to just 13.5% and the 4-hour ratio at 48.8%. Volume delta turned negative in the short term, recording -$218,313 over the last hour and -$146,657 over the last four hours. This contrasts with a positive 24-hour volume delta of +$5,232,014, suggesting that buying pressure weakened significantly after the initial session. The cumulative volume delta (CVD) for the day closed at -$9,487,865, indicating that sellers ultimately absorbed the day's volume. Spot volume reached $54,241,831 across 7,511 trades.
The latest daily buy ratio of 39.6% sits at the 19th percentile of the last 267 days, against a median of 52.6% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for RLUSD, averaged over the days leading up to the story.
Over the preceding week, RLUSD maintained a strong trend with a 7-day average buy ratio of 61.7%. The latest day's buy ratio of 54.8% represents a 6.9-point drop from that weekly average, signaling a relative cooling of buying interest. Volume for the day was 1.10x the weekly average, showing that trading activity remained elevated despite the lower buy ratio. This compares to the 24-hour volume delta of +$5,232,014, which is lower than the 8-day total volume delta of +$56,757,613. While six of the past seven days saw net buying, today's shift toward net selling marks a deviation from the week's consistent upward flow.