XRP Ledger’s booming activity faces scrutiny as 110 bot wallets dominate RLUSD payments
Bitquery's September 19–October 18 study separates automated counts from billions in larger transfers, including issuer flows. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
AI summary
A Bitquery study covering September 19 to October 18 found that 110 bot wallets dominate RLUSD payment activity on the XRP Ledger, with automated transactions inflating headline counts. The analysis separates these automated flows from billions in larger transfers, including issuer-related movements. Traders should treat reported XRPL activity metrics with caution, since bot-driven volume may overstate genuine organic demand for RLUSD and XRP.
