Massive XRP Giveaway Announced by Binance

Binance announced a giveaway of 600,000 XRP for users holding Ripple's RLUSD stablecoin, with weekly airdrops beginning October 30 and bonus multipliers up to 1.3x for eligible participants. The promotion incentivizes holding RLUSD on Binance and could boost demand for both the stablecoin and XRP. Traders may see modest positive sentiment around XRP and RLUSD as the campaign drives exchange activity, though the total value is relatively small versus broader market flows.