Crypto asset Ripple USD (RLUSD), developed by San Francisco-based Ripple, experienced a dramatic 54% decline in trading volume over the last 24 hours, according to CoinMarketCap data. This sudden drop follows a period of significant activity for the stablecoin. 🕵️♂️ While its market capitalization has remained at $294 million and is currently just $35.8 million in active trading volume, it’s important to understand the context behind this decline. 📈 Before this drastic reduction, RLUSD had reached a peak of $101.43 million, indicating a strong connection between its market cap and recent activity levels. The current ratio of market capitalization to trading volume is at an impressive 12.7%, highlighting increased activity. However, this sudden drop can be attributed more to the temporary surge in trading activity rather than widespread abandonment of the asset.