XRP’s (XRP-USD) recent plunge might not be over yet. After reaching its highest point since January 2018 at $2.90, the cryptocurrency has dropped o...
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Bitcoin Ends Week with $375M Inflows as Multi-Asset Products Face $121M in Losses
Last week saw $308 million in inflows into digital asset investment products, although this was overshadowed by a major outflow of $576 million on December 19th. The last two days of the week saw total outflows of $1 billion. The recent price declines led to a $17.7 billion drop in the total assets under management (AuM) for Digital Asset ETPs, which is likely influenced by the hawkish stance of the Federal Reserve’s dot plot published on Wednesday. Bitcoin Posts Strong Inflows While these outflows are significant, it is also important to note that the figures represent only 0.37% of total AuM and rank as the 13th largest single-day outflow in history, according to the latest edition of CoinShares’ Digital Asset Fund Flows Weekly Report . In comparison, the largest single-day outflow occurred in mid-2022 when a $540 million outflow (2.3% of AuM) followed the Fed’s interest rate hike. Although Bitcoin saw some outflows during the week, it ended with net inflows of $375 million, indicating strong market sentiment. On the other hand, short-bitcoin products recorded only $0.4 million in inflows, reflecting a lack of significant interest from short-sellers. The “most dramatic” outflows came from multi-asset investment products, which saw a sharp decline of $121 million last week. On the altcoin front, XRP led the inflows with $8.8 million, followed by Horizen at $4.8 million and Polkadot at $1.9 million over the past week, showing a trend of investors favoring more selective opportunities. Chainlink, Cardano, and Litecoin also received modest inflows of $1.7 million, $0.7 million, and $0.6 million, respectively. Meanwhile, Ethereum continued its positive streak and attracted $51 million, while Solana experienced outflows of $8.7 million during the same period. Switzerland Faces Largest Digital Asset Outflows The US continued to lead in digital asset inflows, drawing $567 million over the past week. Brazil and Australia followed with $16.6 million and $10.2 million in inflows, respectively, while other regions saw outflows. Topping the chart with the most outflows during the same period was Switzerland recording $95.1 million, followed by Germany and Canada with $74.7 million and $60.1 million. Outflows were also recorded in Sweden and Hong Kong, with $42.1 million and $12.1 million, respectively. The post Bitcoin Ends Week with $375M Inflows as Multi-Asset Products Face $121M in Losses appeared first on CryptoPotato . TipRanks
Donald Saves Crypto (DONALCRY) Solana Memecoin Will Rally 18,000% Before Exchange Listing, As Shiba Inu and PEPE Underperform
Donald Saves Crypto could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Donald Saves Crypto (DONALCRY), a new Solana memecoin that was launched today, is set to explode over 18,000% in price in the coming days. This is because DONALCRY is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Donald Saves Crypto can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Donald Saves Crypto could become the next viral memecoin. Donald Saves Crypto launched with over $8,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Donald Saves Crypto on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Donald Saves Crypto by entering its contract address – Gyy3ss5Yj2ioZWuz6BNbDPGUGUxhwoCskRuU2cGo9k2Q – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DONALCRY. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price. TipRanks