Crypto In & Out: Zcash draws $11.19 million as Dogecoin sheds $5.26 million

Bitcoin led cryptocurrency inflows, while Zcash ranked third. Bitcoin also recorded the largest token outflow, followed by Sui, Ether and Dogecoin.

Zcash attracted $11.19 million, placing third behind Bitcoin and Ether in cryptocurrency inflows.

As of 11:43 UTC on Oct. 17, $23.76 million in U.S. dollars, $2.09 million in euros and $1.18 million in South Korean won moved into the cryptocurrency market.

Stablecoin liquidity totaling $66.33 million in USDT and $3.85 million in USD Coin was distributed across cryptocurrencies.

Major inflows included $27.32 million for Bitcoin (BTC), $15.47 million for Ether (ETH) and $11.19 million for Zcash (ZEC). Hyperliquid (HYPE) followed with $6.97 million, QQQB with $1.49 million and Tron (TRX) with $1.28 million.

On the outflow side, Bitcoin posted the largest withdrawal at $18.63 million.

Other outflows included $12.17 million from Sui (SUI), $6.22 million from Ether, $5.26 million from Dogecoin (DOGE) and $3.40 million from BNB.

Part of the outgoing capital accumulated in stablecoins, including $15.55 million in USDT and $15.23 million in USD Coin.

Cash conversions were also recorded, including $1.88 million into U.S. dollars and $1.80 million into Brazilian reais.

This article is based on market data and flow analysis and does not constitute investment advice.