Billions of XRP tokens and thousands of Bitcoin were sent to the scholarships shortly after the American president Donald Trump revealed that the intention to include assets as part of a strategic reserve of American cryptography, which could have contributed to their rapid price reversals after a wave.
Table entries have reached up to 193 million XRP after Trump’s message, most flows from whales (or influential holders of any active) performing transactions of 1 million or more XRP, said the cryptocurrency chain analysis company in a Tuesday report.
On the other hand, the time quantity of Bitcoin (BTC) which flows in the exchanges went from 500 to 1,000 to a summit of 6,739 BTC per day after the announcement. Meanwhile, ETH entrances to trade increased to almost 300,000 in an hour.
Entrances to exchanges from funds and traders generally involve an intention to sell, because large token assets are generally stored in cold (or offline) wallets (or offline)
Meanwhile, cryptocurrency analysts noted that the sudden rise and fall of cryptocurrencies on Monday and Tuesday said that the demand for real spots continued in the contraction territory.
“The growth of the apparent Bitcoin demand continued to decrease after an acceleration period in November-December 2024 stimulated by the results of the US elections and is now in the contraction territory for the first time since September 2024,” said analysts. “Unless Bitcoin demand start to increase, support a cryptography prices rally will remain difficult.”
Apparent demand is a chain metric used to assess the balance between Bitcoin production (parts newly struck by mining) and changes in its inventory (parts that have been inactive for more than a year). Detail accumulation has been down since the beginning of November, as Coindesk previously reported.
