NEW: Unlock the Future of Finance with CRYPTO ENDEVR - Explore, Invest, and Prosper in Crypto!
Crypto Endevr
  • Top Stories
    • Latest News
    • Trending
    • Editor’s Picks
  • Media
    • YouTube Videos
      • Interviews
      • Tutorials
      • Market Analysis
    • Podcasts
      • Latest Episodes
      • Featured Podcasts
      • Guest Speakers
  • Insights
    • Tokens Talk
      • Community Discussions
      • Guest Posts
      • Opinion Pieces
    • Artificial Intelligence
      • AI in Blockchain
      • AI Security
      • AI Trading Bots
  • Learn
    • Projects
      • Ethereum
      • Solana
      • SUI
      • Memecoins
    • Educational
      • Beginner Guides
      • Advanced Strategies
      • Glossary Terms
No Result
View All Result
Crypto Endevr
  • Top Stories
    • Latest News
    • Trending
    • Editor’s Picks
  • Media
    • YouTube Videos
      • Interviews
      • Tutorials
      • Market Analysis
    • Podcasts
      • Latest Episodes
      • Featured Podcasts
      • Guest Speakers
  • Insights
    • Tokens Talk
      • Community Discussions
      • Guest Posts
      • Opinion Pieces
    • Artificial Intelligence
      • AI in Blockchain
      • AI Security
      • AI Trading Bots
  • Learn
    • Projects
      • Ethereum
      • Solana
      • SUI
      • Memecoins
    • Educational
      • Beginner Guides
      • Advanced Strategies
      • Glossary Terms
No Result
View All Result
Crypto Endevr
No Result
View All Result

Billions in BTC, ETH, XRP Flowed to Exchanges After Trump’s Reserve Plans

Share on FacebookShare on Twitter

Trump’s Crypto Strategic Reserve Announcement Sends Ripple and Bitcoin to Exchanges

Massive Inflows of XRP and Bitcoin to Exchanges Follow Trump’s Announcement

Shortly after U.S. President Donald Trump revealed plans to include XRP and Bitcoin in the U.S. crypto strategic reserve, billions of XRP tokens and thousands of Bitcoin were sent to exchanges. This sudden influx of assets may have contributed to the rapid price reversals following a surge.

Whales Drive XRP Inflows

According to an on-chain analysis firm, CryptoQuant, hourly inflows of XRP reached up to 193 million after Trump’s message, with most of the flows coming from whales – influential holders of XRP executing transactions of 1 million or more.

Bitcoin and Ethereum Inflows Spike

On the other hand, the hourly amount of Bitcoin (BTC) flowing into exchanges increased from 500-1,000 to a high of 6,739 BTC a day after the announcement. Meanwhile, Ethereum (ETH) inflows into exchanges spiked to almost 300,000 in an hour.

Inflows Indicate Selling Pressure

Inflows to exchanges from funds and traders usually imply an intention to sell, as large token holdings are usually stored in cold (or offline) wallets. This suggests that the sudden influx of XRP, Bitcoin, and Ethereum into exchanges may be a sign of selling pressure.

Apparent Demand for Bitcoin in Contraction

CryptoQuant analysts noted that the rise and sudden fall of cryptocurrencies on Monday and Tuesday indicated that real spot demand continued in contraction territory. “Bitcoin apparent demand growth has continued to decline after a period of acceleration in November–December 2024 spurred by the U.S. election results and is now in contraction territory for the first time since September 2024,” analysts said. “Unless Bitcoin demand starts to increase again, sustaining a rally in crypto prices will remain challenging.”

Retail Accumulation Down Since Early November

Apparent demand is an on-chain metric used to gauge the balance between Bitcoin’s production (newly minted coins through mining) and changes in its inventory (coins that have been inactive for over a year). Retail accumulation has been down since early November, as previously reported by CoinDesk.

Conclusion

The sudden influx of XRP, Bitcoin, and Ethereum into exchanges following Trump’s announcement may be a sign of selling pressure, as large token holders transfer their assets to exchanges. The apparent demand for Bitcoin is now in contraction territory, making it challenging for the market to sustain a rally.

FAQs

* What was the impact of Trump’s announcement on the cryptocurrency market?
+ The announcement led to a sudden influx of XRP, Bitcoin, and Ethereum into exchanges, which may have contributed to the rapid price reversals.
* What was the volume of XRP and Bitcoin sent to exchanges after the announcement?
+ Billions of XRP tokens and thousands of Bitcoin were sent to exchanges.
* Who drove the XRP inflows?
+ Whales, or influential holders of XRP, executed transactions of 1 million or more, contributing to the massive inflows.
* What was the impact on Bitcoin and Ethereum inflows?
+ Hourly inflows of Bitcoin and Ethereum increased significantly, with Bitcoin inflows reaching 6,739 BTC and Ethereum inflows reaching almost 300,000 in an hour.

cryptoendevr

cryptoendevr

Related Stories

Sanctioned Russian Crypto Exchange Garantex Seized, Operators Charged With Money Laundering

Sanctioned Russian Crypto Exchange Garantex Seized, Operators Charged With Money Laundering

March 7, 2025
0

Here is the rewritten content in HTML format with all tags properly closed: Garantex, Russian Crypto Exchange, Taken Down by...

ADA, XRP, SOL Plunge as White House Backpedals on Trump’s Crypto Reserve Plan

ADA, XRP, SOL Plunge as White House Backpedals on Trump’s Crypto Reserve Plan

March 7, 2025
0

Here is the rewritten content: White House Official Backtracks on Cryptocurrency Reserve Plan Trump's Announcement Sparks Confusion and Criticism In...

BTC Staking Platform Core Seeks Further Institutional Reach With APAC Custodian Cobo

BTC Staking Platform Core Seeks Further Institutional Reach With APAC Custodian Cobo

March 7, 2025
0

Here is the rewritten content: Core and Cobo Team Up to Expand Institutional Reach in Asia-Pacific Region Core, the issuer...

As Crypto Summit Nears, White House Maintains Special Status for Bitcoin

As Crypto Summit Nears, White House Maintains Special Status for Bitcoin

March 7, 2025
0

President Trump's Order to Establish a Bitcoin Reserve: A New Era for the Crypto Industry? White House Official Clarifies Intentions...

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Bitcoin Bullish Again? Potential All-Time High in Sight: Analysis

Bitcoin Bullish Again? Potential All-Time High in Sight: Analysis

July 3, 2025
Hunters International shuts ransomware operations, reportedly becomes an extortion-only gang

Hunters International shuts ransomware operations, reportedly becomes an extortion-only gang

July 3, 2025
Bitcoin Rejected! | Stock Markets Losing MAJOR Support! | Options Closeout!

Bitcoin Rejected! | Stock Markets Losing MAJOR Support! | Options Closeout!

July 3, 2025

Arthur Hayes and Hanson Birringer on Hyperliquid’s Success (And What Could Stop It)

July 3, 2025
Circle stock outpaces Bitcoin with 472% growth since June IPO

Circle stock outpaces Bitcoin with 472% growth since June IPO

July 3, 2025

Our Newsletter

Join TOKENS for a quick weekly digest of the best in crypto news, projects, posts, and videos for crypto knowledge and wisdom.

CRYPTO ENDEVR

About Us

Crypto Endevr aims to simplify the vast world of cryptocurrencies and blockchain technology for our readers by curating the most relevant and insightful articles from around the web. Whether you’re a seasoned investor or new to the crypto scene, our mission is to deliver a streamlined feed of news and analysis that keeps you informed and ahead of the curve.

Links

Home
Privacy Policy
Terms and Services

Resources

Glossary

Other

About Us
Contact Us

Our Newsletter

Join TOKENS for a quick weekly digest of the best in crypto news, projects, posts, and videos for crypto knowledge and wisdom.

© Copyright 2024. All Right Reserved By Crypto Endevr.

No Result
View All Result
  • Top Stories
    • Latest News
    • Trending
    • Editor’s Picks
  • Media
    • YouTube Videos
      • Interviews
      • Tutorials
      • Market Analysis
    • Podcasts
      • Latest Episodes
      • Featured Podcasts
      • Guest Speakers
  • Insights
    • Tokens Talk
      • Community Discussions
      • Guest Posts
      • Opinion Pieces
    • Artificial Intelligence
      • AI in Blockchain
      • AI Security
      • AI Trading Bots
  • Learn
    • Projects
      • Ethereum
      • Solana
      • SUI
      • Memecoins
    • Educational
      • Beginner Guides
      • Advanced Strategies
      • Glossary Terms

Copyright © 2024. All Right Reserved By Crypto Endevr