Crypto In & Out: KRW leads fiat inflows with $5.10M; Bitcoin tops both directions

The Korean won led fiat inflows with $5.10 million. Bitcoin recorded the largest token flows in both directions, drawing $56.04 million while shedding $29.14 million.

KRW ranked first among fiat currencies moving into the crypto market, narrowly ahead of the euro.

During the five-hour period as of 12:00 UTC on Oct. 20, the market received $5.10 million in KRW, $4.56 million in EUR, $1.59 million in BRL and $1.37 million in JPY.

About $90.38 million in USDT was distributed across cryptocurrencies.

Leading token inflows were Bitcoin (BTC) at $56.04 million, Ethereum (ETH) at $19.12 million and Zcash (ZEC) at $7.80 million. They were followed by SNDKB at $5.61 million, Worldcoin (WLD) at $3.83 million, BNSOL at $2.49 million, HYPE at $2.40 million and BETH at $1.64 million.

On the outflow side, Bitcoin (BTC) posted the largest withdrawal at $29.14 million.

Other outflows included XRP at $15.61 million, Ethereum (ETH) at $15.60 million, NEAR at $9.37 million, Solana (SOL) at $6.57 million, Zcash (ZEC) at $5.07 million, BNB at $4.48 million, TSLAB at $2.81 million and Dogecoin (DOGE) at $1.62 million.

Some of the departing funds moved into stablecoins, with USDT receiving $29.41 million and USDC drawing $16.47 million.

Fiat conversions included $44.51 million into USD and $10.72 million into KRW.

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