Binance just launched an $800,000 $XRP reward campaign for $RLUSD holders, starting today and running weekly through October 23.
Here's the twist: the last time Binance ran this exact campaign, RLUSD's market cap grew from $1.51 billion to $2.36 billion, but XRP's price fell 7.7% over the same stretch, from $1.66 down to around $1.49. The reward drove interest in the stablecoin, not the token being handed out.
Worth remembering before assuming a rewards campaign means bullish price action.
Do incentive campaigns like this actually shape your trading decisions?
#xrp #RLUSD #Binance #CryptoNews #BinanceSquare
Here's the twist: the last time Binance ran this exact campaign, RLUSD's market cap grew from $1.51 billion to $2.36 billion, but XRP's price fell 7.7% over the same stretch, from $1.66 down to around $1.49. The reward drove interest in the stablecoin, not the token being handed out.
Worth remembering before assuming a rewards campaign means bullish price action.
Do incentive campaigns like this actually shape your trading decisions?
#xrp #RLUSD #Binance #CryptoNews #BinanceSquare
