Top Cryptocurrency Flows Today 📊
In analyzing daily flows through altcoin and dog-themed tokens, it is observed that while liquidation continues in the cryptocurrency market, some coins have excelled in the recent period.
Flow From Top Alt 📈
- Investors are opting for short-term exits from the market, resulting in more outflows than inflows. Top altcoins like MW have seen a 9.7% exit in 24 hours and a 43% decline this week. This significant outflow indicates a bearish sentiment and contributes to the current market frenzy.
- Similarly, MG and PPAT have experienced losses of 8.9% and 6.9% respectively. While PPAT’s weekly flows remain negative, MG has seen a 3% inflow, showcasing the diverse growth patterns of altcoins despite low movement.
- WN and AT plunged by 6% and 8% respectively today, with further weekly losses seen in AT. However, WN maintained a 5.9% gain in the mentioned period. LMW, on the other hand, stood against the flow with an 8% increase in the last 24 hours.
Dog-Themed Tokens 🐕
Top dog-themed tokens also suffered losses today, similar to altcoin counterparts.
- Dogecoin (DG) and Shiba Inu (SHIB) are down by 6.6% and 0.8% respectively. Floki and Dogecoin Killer have seen declines of 4.5% in the mentioned period. On average, dog-themed tokens did not record weekly gains, with most hovering around 0%.
- Furthermore, Kishu Inu is up by 46% today, while Akita Inu and Hokkaido Inu have experienced gains of 8.9% and 0.1% respectively. Kishu Inu also saw a substantial 68% increase this week, leading to more interest in investing in dog-themed tokens.
The recent movements in the market can be attributed to mixed sentiments in the crypto space and various factors influencing both positive and negative flows.
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