Sharks bought $36.4 million of RLUSD in a day. Over the week, whales sold $12 million net

What DeepSea's data shows

RLUSD is Ripple's dollar stablecoin. DeepSea's live feed showed heavy shark buying on Ethereum in the 24 hours to 6:36 a.m. ET on November 10: $36,367,229 bought and $15,183,055 sold, a net of about +$21.18 million, in 37 trades by just two wallets.

The longer view points the other way. DeepSea's RLUSD token page showed a 7-day whale net flow of minus $9.98 million at 6:52 a.m. ET, with smart money and KOLs at $0. Six minutes later, at the time of our screenshot, it read minus $12.16 million. The page lists RLUSD on Ethereum at a $1.75 billion market cap, $95.05 million of liquidity and $46.43 million of 24-hour volume. The single largest holder has 17.68% of the supply DeepSea tracks.

Data: DeepSea (desea.io), checked November 10, 2026, 6:52 a.m. ET.

One wallet trades RLUSD in big blocks

In the last hour of the window, DeepSea's feed had one shark wallet buy $4,000,052 and sell $4,502,680 of RLUSD in two trades. That wallet, ending in 3425, is the seventh-largest RLUSD holder on DeepSea's list with 4.81% of the tracked supply, and DeepSea tags it "Blue-chip holder."

Its wallet page, read at 6:57 a.m. ET, shows $97.00 million in total balance and no public label. The latest trades: a $2.18 million RLUSD sale 8 minutes earlier, a $4.00 million buy 40 minutes earlier and a $4.50 million sale 52 minutes earlier, with more RLUSD buys and sales of about 1 million to 4 million tokens over the previous 12 hours. Over 30 days it shows 1,118 trades and $825.76 million of volume for a profit of just $4,900, with a 41% win rate.

The same list also shows "sales" of tokens whose names copy USDC, USDT and ETH with look-alike characters, and DeepSea puts no dollar value on them. Look-alike tokens are often sent to busy wallets as spam. They are not the real coins.

What the chain shows

Ripple's token address list confirms that the contract DeepSea tracks is RLUSD's Ethereum contract. Etherscan's token page, as of 10:54 p.m. ET on November 9, showed 1,797,515,664 RLUSD on Ethereum held by 13,093 addresses, worth about $1.80 billion. CoinGecko put RLUSD's total market cap across all chains at $2.68 billion and its 24-hour volume at $227.8 million at 6:58 a.m. ET, with the price at $1.00.

Why it matters

A stablecoin is meant to hold $1, so large RLUSD trades are not price bets. Buying and selling it in multimillion-dollar blocks usually means moving cash between venues, lending markets or other dollar tokens. One day of heavy buying by two wallets says little about demand. The 7-day whale outflow is the better guide, and it points down. On November 3 we reported a similar pattern: one shark bought $32.28 million of RLUSD and sold $15.53 million in a day.

What's next

• Whether DeepSea's 7-day whale outflow for RLUSD keeps growing
• RLUSD's supply on Etherscan and its total market cap on CoinGecko
• Whether wallet 3425 keeps cycling RLUSD in $4 million blocks