XRP Had Never Seen a $1B Net Inflow in 1 Hour Until Now, Pundit Reveals
The post XRP Had Never Seen a $1B Net Inflow in 1 Hour Until Now, Pundit Reveals appeared on BitcoinEthereumNews.com.
An XRP community pundit reveals that the XRP market has observed billions in net inflows over an hour for the first time ever. This disclosure came from Chad Steingraber, a game developer and prominent figure within the XRP community. Notably, over the past few days, Steingraber has been identifying massive spikes in XRP netflows and volume on Upbit, South Korea’s largest crypto exchange by volume. Previous Strides in Volume and Netflows Interestingly, each update on this discovery has been more impressive than the previous one, with volumes and inflows consistently increasing on Upbit. The Crypto Basic first called attention to this trend four days ago, confirming in a July 8 report that XRP saw $1.98 billion volume over a 1-hour period on July 7. – Advertisement – The report also highlighted a more impressive net inflow figure of $1.58 billion within an hour on the same day, a metric also identified by Steingraber. Now, the game developer has spotlighted more remarkable net inflow figures that appear to be setting records in the XRP market. XRP Sees $2.39B Net Inflows Within an Hour on Upbit Specifically, he stressed in a recent commentary that XRP had never observed up to $1 billion worth of net inflows over an hour until now. While the $1.58 billion net inflow on July 7 confirms this disclosure, Steingraber pointed to a more impressive figure when someone asked for evidence of his claims. Notably, the community pundit had on July 11 revealed that Upbit saw a massive $2.39 billion worth of XRP net inflows in the hour leading to 3:27 PM (UTC). This was unarguably one of the largest hourly net inflows observed by XRP in recent times. In addition to this, Upbit also saw a whopping $9.11 billion in XRP volume over an hour. GOOD LORD…
