$XRP Billions in BTC, ETH, XRP Flowed to Exchanges After Trump’s Reserve Plans
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.What to know:
Following President Trump's announcement of including crypto assets in the U.S. strategic reserve, billions in XRP tokens and thousands of bitcoin were moved to exchanges, possibly contributing to their price fluctuations.
CryptoQuant analysts suggest that the rise and sudden fall of cryptocurrencies indicate a contraction in real spot demand, making it challenging to sustain a rally in crypto prices.
CryptoQuant analysts observed a decline in Bitcoin's apparent demand growth, suggesting that sustaining a rally in crypto prices may be challenging unless demand increases.