In the global cryptocurrency market, the most significant fund inflow was based on the Korean Won (KRW), while the inflow of US Dollars (USD) dramatically decreased compared to usual. Particularly, large-scale sell-offs exceeding $600 million were confirmed in Solana (SOL) and XRP, showing clear asset movement.
According to Cryptometer at 3 PM on the 24th, the most inflows in the global cryptocurrency market over the past 24 hours were in Korean Won (KRW), recording a total of $29.5 million.
The Won-based inflow was distributed as ▲Tether (USDT, $27 million) ▲BTC ($1.4 million) ▲USDC ($1 million).
Subsequently, funds equivalent to 24 million Turkish Lira were injected. Most of this went into ▲USDT ($16.3 million), with the remainder spread across ▲USDC ($2.8 million) ▲SPK ($2.5 million) ▲SAHARA ($2.3 million).
Additionally, ▲€1.9 million went into USDC, ▲¥1.3 million into ETH, and ▲£1.3 million into XRP.
USD-based funds totaled $2.9 million, directly distributed into altcoins such as ▲DOT ($580,000) ▲FLR ($860,000) ▲HOPR ($730,000) ▲PIRATE ($670,000). Despite being a major reserve currency, the inflow was notably smaller than usual.
Funds concentrated in Tether (USDT) were tallied at $46.1 million. The largest proportion went to ▲BETH ($15.1 million). This was followed by ▲SPK ($5.1 million) ▲GRT ($2.4 million) ▲XMR ($2.4 million) ▲STX ($2.1 million) ▲NXPC ($2.1 million) ▲WBTC ($1.8 million) and other altcoins.
Funds flowing into Bitcoin (BTC) were $20.5 million, with over half moving to ▲WBTC ($16.3 million). Movement to ▲BNB ($2 million) ▲XMR ($650,000) ▲ADA ($650,000) was also confirmed.
$8.6 million was injected into USDC, distributed to ▲BNB ($2.7 million) ▲USDE ($1.8 million) ▲RUNE ($1.4 million) ▲ENS ($1.3 million) ▲USDT ($1.2 million).
Derivative assets ▲WBTC ($18 million) and ▲BETH ($15.1 million) received relatively large fund inflows.
Additionally, ▲SPK ($7.4 million) ▲XMR ($3 million) ▲BNB ($4.6 million) ▲GRT ($2.5 million) followed.
Funds were also dispersed into various altcoins such as ▲SAHARA ($2.4 million) ▲ETH ($2.1 million) ▲XRP ($1.3 million) ▲DOT ($580,000) ▲FLR ($860,000) ▲HOPR ($730,000) ▲PIRATE ($670,000).
The most prominent sell-off was seen in Solana (SOL). A total of $324.9 million in funds flowed out, showing the largest outflow in the market.
Most of these funds concentrated on ▲Tether (USDT, $252.1 million), with the remainder dispersed to ▲FDUSD ($23.7 million) ▲USDC ($16.8 million) ▲USD ($14.7 million) ▲KRW ($9.7 million) ▲BTC ($7.8 million).
XRP also saw $327.6 million exit the market. A significant portion moved to ▲USDT ($124.4 million), with the rest flowing to ▲KRW ($73.1 million) ▲USD ($64.8 million) ▲USDC ($35.7 million) ▲EUR ($16.2 million) ▲FDUSD ($13.4 million).
Dogecoin (DOGE) saw $103.5 million outflow, moving to ▲USDT ($64.4 million) ▲USD ($12.3 million) ▲FDUSD ($9.5 million) ▲KRW ($17.3 million).
ADA experienced $42.2 million outflow, converting to ▲USDT ($35 million) and ▲USD ($7.2 million). TRX similarly saw $39.6 million flow out to USDT.
Widespread sell-offs were also detected in ▲BNB ▲Sui ▲Pepe ▲LTC ▲TRUMP ▲PENGU ▲PUMP ▲ENA ▲XLM and other altcoins.
Ethereum (ETH) saw a massive $542.8 million outflow, with most moving to ▲USDT ($336.5 million) ▲USD ($104.5 million). Additional dispersal occurred to ▲FDUSD ($32.7 million) ▲USDC ($27.2 million) ▲BTC ($23.3 million) ▲EUR ($11.2 million) ▲KRW ($7.2 million).
Bitcoin (BTC) also saw $182.9 million outflow, with funds moving to ▲USDT ($109.3 million) ▲USD ($45.6 million) ▲FDUSD ($18.1 million) ▲EUR ($9.9 million).
Overall, market sell-off funds concentrated on Tether (USDT). A total of $1.3 billion was gathered in USDT.
FDUSD accumulated $106.7 million, with $50.9 million returning to USDT and $11 million to USDC. USDC ultimately saw an inflow of $90.7 million.
Among fiat currencies, US Dollars (USD) became the largest sell-off destination. A total of $249.1 million was converted to dollars, resulting from direct cash-outs from major assets like ▲BTC ($48.3 million) ▲ETH ($105.3 million) ▲XRP ($66 million).
Funds flowing out to Korean Won (KRW) totaled $138.9 million, with the largest portion coming from XRP ($73.1 million), followed by DOGE ($17.3 million), WLD ($15.9 million), PENGU ($15.6 million), SOL ($9.7 million), ETH ($7.2 million). Funds flowing into Euros (EUR) amounted to $39.2 million.
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