Zcash absorbs $22.56 million, ahead of bitcoin and ether

Zcash drew $22.56 million in inflows, outpacing both bitcoin and ether.

According to Cryptometer data as of 11:43 a.m. on Oct. 12, fiat and cash-equivalent flows into the crypto market over the past five hours included USD at $16.21 million, EUR at $6.38 million and BRL at $1.95 million.

Among stablecoins, USDT worth $27.51 million and USDC worth $23.44 million were distributed across multiple cryptocurrencies.

The main inflow assets were Zcash (ZEC) at $22.56 million, Solana (SOL) at $9.58 million and NEAR at $7.34 million. They were followed by Ether (ETH) at $6.95 million, Bitcoin (BTC) at $6.01 million, SNDKB at $5.00 million, TRX at $3.72 million and ZRO at $2.87 million.

On the outflow side, the largest withdrawal over the past five hours came from Bitcoin (BTC), with $108.96 million leaving the asset.

Outflows were also observed across several tokens, including Ether (ETH) at $61.33 million, BNB at $9.13 million, XRP at $6.59 million, Solana (SOL) at $5.24 million, ENA at $3.72 million, ONDO at $3.43 million and US at $3.06 million.

Some outflowing capital moved into stablecoins, with USDT attracting $159.91 million and USD1 $22.21 million. USDC worth $3.62 million was distributed across multiple cryptocurrencies.

Fiat conversion flows were also seen in USD at $27.39 million and KRW at $13.62 million, with KRW referring to the Korean won.