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Bitcoin Leads Nov. 8 Crypto Inflows as IN Outflows Reach $19.78 Million

Zcash ranked second among tokens, while $40.43 million moved from Tether into crypto assets.

Updated 1 min read
South Korean won banknotes are counted at a currency exchange counter in Seoul. / TokenPost.ai (macro)
South Korean won banknotes are counted at a currency exchange counter in Seoul. / TokenPost.ai (macro)

Cryptometer data showed Bitcoin (BTC) attracting $23.50 million in token inflows as IN recorded $19.78 million in outflows, while the Nov. 8 snapshot also tracked transfers among crypto assets, stablecoins and fiat currencies.

Zcash (ZEC) ranked next for token inflows at $10.50 million, followed by Solana (SOL) at $6.07 million. On the outflow list, Ether (ETH) registered $8 million, BTC $7.37 million, XRP $7.04 million and NEAR $3.33 million.

The snapshot showed $40.43 million moving from Tether (USDT) into crypto assets, more than the inflow for any one listed token. USD Coin (USDC) accounted for another $6.78 million moving into crypto. In the opposite direction, listed flows into USDT totaled $20.70 million and flows into USDC reached $7.37 million.

Fiat funding into crypto included $7.73 million from U.S. dollars, $2.27 million from Turkish lira and $2.08 million from Brazilian real. On the destination side, the South Korean won was listed at $20.51 million, U.S. dollars at $10.44 million and Turkish lira at $910,000.

The snapshot was recorded at 12:41 UTC on Nov. 8.

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