XRP Had Never Seen a $1B Net Inflow in 1 Hour Until Now, Pundit Reveals

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.

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.

What’s Happening?

Meanwhile, order book expert Dom noted that investors have also consistently bought more XRP on Upbit. According to him, the recent XRP pump to $2.8 was partly fueled by Korean traders on Upbit. He showed that investors procured nearly $30 million in XRP over an hour globally, and Upbit accounted for nearly $13 million.