2 hours ago
5
Key Takeaways
- XRP rose from to $1.18 (3% daily gain), reclaiming its 50-day average as support.
- Upbit’s net wallet flow dominance jumped from 13% to 31%, a May 2024 high.
- Coinbase dominance fell from 27% to 0% over the same window.
- The rebound looks geographically concentrated, lacking cross-exchange confirmation.
On-chain data shows the move was powered overwhelmingly by one region, and the concentration tells a more nuanced story than the green candle alone. According to CryptoQuant data, deposit-wallet activity rotated sharply toward Korea’s Upbit even as Western exchange flows drained away.
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