Binance Extends RLUSD Airdrop for Four More Weeks With 1 Million XRP Prize Pool
The major crypto exchange has doubled down on its rewards campaign for RLUSD holders, extending participation through September with a substantially larger XRP allocation.
Binance has extended its RLUSD airdrop campaign into a second phase, allowing users an additional four weeks to participate in the rewards program. After concluding the initial round on August 14 with $800,000 in XRP distributed, the exchange has significantly expanded the incentive pool for the continuation.
Expanded Reward Structure
The first iteration of Binance’s RLUSD airdrop began on July 17 and ran through August 14, distributing $800,000 worth of XRP to eligible participants. The second phase dramatically increases the stakes, allocating 1 million XRP tokens—valued at current market rates—as rewards across the four-week extension. Both phases maintain consistent mechanics, with XRP distributed weekly every Friday to qualifying users. Binance initially introduced RLUSD to its platform in January, subsequently integrating the Ripple stablecoin into Binance Earn products to broaden user access and engagement.
Eligibility and Participation Terms
Users wishing to claim airdrop rewards must hold RLUSD across multiple account types on Binance, including standard balances, Flexible Savings arrangements within Earn Accounts, and various Margin Account configurations where RLUSD serves as collateral. A minimum balance requirement of 0.01 RLUSD applies to Earn and Margin Account holdings. Beyond maintaining minimum reserves, the exchange requires participants to demonstrate average daily trading volumes of $500 or more on Margin or Futures trading pairs, ensuring rewards benefit active exchange users rather than idle holders.
On-Chain Strength Amid Sentiment Headwinds
The campaign extension arrives during a period of market ambivalence surrounding XRP. According to sentiment analysis, retail traders and community participants have turned decidedly bearish across social media platforms, with discussions on X, Reddit, and Telegram reflecting caution about the asset’s immediate prospects. Despite this negative backdrop, XRP price has remained stable at $1.00 with minimal volatility.
Contrasting sharply with retail pessimism, the XRP Ledger has demonstrated robust network health. The network processed transactions from approximately 49,929 active addresses in a recent 24-hour window—the highest activity level recorded in over two months. This on-chain surge represents a meaningful recovery from July’s depressed activity levels, suggesting institutional or sophisticated participants continue accumulating and transacting in XRP.
Binance’s willingness to commit 1 million XRP tokens to extended airdrop incentives demonstrates institutional confidence in RLUSD and the XRP ecosystem, while the disconnect between retail bearishness and surging on-chain activity may signal that major participants are positioning ahead of broader market sentiment shifts.
Source: Binance, via U.Today. Not financial advice.