Despite Crypto Crash – XRP Funds Inflows Spike 3x
The post Despite Crypto Crash – XRP Funds Inflows Spike 3x appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
Coinshares reported that even after the prevalent poor fund flows into crypto-related products, XRP has managed to showcase a three-fold increase in inflows. Although the week before last had seen a fund inflow of $100,000 into XRP-focused crypto products, this time around it had already touched $300,000.
In the past six weeks, XRP has come out as one of the few crypto products that strived to attract funds. The XRP project continues to stay afloat amidst the negative market dynamics and the ongoing SEC v. Ripple litigation. Regulators’ had plans to have XRP recognized as a security, however, the project still kept running.
Funds inflows into XRP-oriented products have also increased by $500,000 month over month. The Year over year data is even better, indicating a surplus of $8.5 million.
