XRP Sees Reduced Inflows Amid Market Pullback but Remains a Top Altcoin Performer
Main Idea
XRP inflows dropped 83.4% to $31.3 million amid a market pullback but remained one of the top altcoin gainers, second only to Ethereum, showing resilience despite broader market outflows.
Key Points
1. XRP inflows fell sharply by 83.4% to $31.3 million this week, reflecting a significant market pullback.
2. Despite the decline, XRP ranked as the second top altcoin gainer, just behind Ethereum.
3. Bitcoin saw the largest outflows at $404 million, its worst week since April, while Ethereum recorded $133.9 million in inflows for the 15th consecutive week.
4. Other altcoins like Solana, Aave, and SEI maintained positive inflows, though reduced, while Sui and Litecoin posted modest losses.
5. The market reversal was triggered by Federal Reserve comments and stronger-than-expected U.S. economic data, leading to significant outflows from digital assets.
Description
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