In the global cryptocurrency market, there was simultaneous inflow of fiat currency and circulation of funds between digital assets. A total of $103 million in new funds were injected from US Dollars (USD), Korean Won (KRW), and Euros (EUR), with a profit-taking flow in Korean Won also confirmed.
According to Cryptometer on the 22nd, in the past 24 hours, $60.4 million in US Dollar (USD)-based funds were newly injected into the global cryptocurrency market.
Dollar funds were most heavily injected into Ethereum (ETH, $20.4 million) and XRP ($17.3 million), followed by ▲XLM ($5.7 million) ▲SOL ($5.6 million) ▲BTC ($3.7 million) ▲ADA ($3.3 million) in distribution.
Korean Won (KRW)-based inflow was $29 million, concentrated in XRP ($10.7 million) and Doge ($8 million).
A significant amount of Won was also injected into meme coin Pengu (PENGU, $3.2 million), showing domestic investor interest. Steady flows continued into SOL ($2.2 million), ETH ($4.7 million).
Of the €14 million Euro (EUR)-based inflow, funds were evenly distributed across USDT ($4.7 million), BTC ($5.4 million), SOL ($2 million), USDC ($1.9 million). Pound (GBP)-based inflow moved entirely to Bitcoin (BTC, $5.6 million), while Turkish Lira (TRY) was injected into PENGU ($2 million).
USDT was undoubtedly the stablecoin with the most concentrated funds that day. A total of $339.2 million in USDT was injected and moved to major assets.
USDT funds were distributed to ▲USDC ($119.6 million) ▲BTC ($63.2 million) ▲ETH ($49.5 million) ▲SOL ($29.7 million) ▲BNB ($15.4 million) ▲FDUSD ($13.7 million) ▲PENGU ($9.4 million), accompanied by small movements to various altcoins like TRUMP, RLUSD, JASMY, HYPE, RAY, LINK.
Funds collected in USDC totaled $121.5 million, with major flows to BTC ($6 million), PENGU ($2.7 million), BNB ($3.4 million), USDE ($1.6 million), DOGE ($1.5 million). FDUSD collected $12.2 million, of which $2.6 million flowed to BTC.
Bitcoin (BTC) received $91.6 million in new funds, with approximately half, $45.3 million, moving to Ethereum. The remainder spread to ▲WBTC ($7.3 million) ▲DOGE ($4.9 million), showing a circular buying structure through Bitcoin.
Funds injected into Ethereum amounted to $122.7 million, with some moving to BETH.
Significant funds were then injected into altcoins including SOL ($39.3 million), XRP ($28 million), DOGE ($14.6 million), PENGU ($14 million), BNB ($18.6 million), WBTC ($7.3 million), XLM ($5.7 million), TRUMP ($3.8 million).
In the global cryptocurrency market over the past 24 hours, while profit-taking occurred in multiple altcoin assets, $51.8 million from XRP was distributed and outflowed to ▲USDC ($20.4 million) ▲USDT ($11.5 million) ▲EUR ($9.1 million) ▲FDUSD ($6 million) ▲BTC ($4.8 million).
Ethereum (ETH, $42.7 million) showed dispersed flows to USDC ($26.7 million), USDT ($8.3 million), FDUSD ($2.9 million). Solana (SOL, $35.6 million) moved to FDUSD, while TRON (TRX, $25.4 million) moved entirely to USDT.
From Sui (SUI, $25.3 million), funds were outflowed to ▲USDT ($21 million) ▲USDC ($4.4 million) ▲USD ($2.2 million). Additionally, selling movements were observed in various altcoins including ADA, XLM, ELX, DOGE, ETC, ENA, LTC.
▲USDT ($178.1 million) ▲FDUSD ($56.4 million) ▲EUR ($18.3 million) ▲BTC ($9.7 million) became major transit points, with subsequent final outflows to ▲USDC ($63.9 million) ▲Korean Won ($51.8 million) ▲Turkish Lira ($13.1 million) ▲USD ($4 million).
$27.7 million moved from USDT to KRW, with direct inflows to KRW also occurring from ELX ($9.6 million), ENA ($4.5 million), WLD ($4 million), ETC ($3.3 million), BONK ($2.4 million), CKB ($2.4 million), BTC ($2.2 million).
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