AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
OG altcoins SNT, LPT, and RAY led crypto inflows on May 31, 2023, with renewed trading interest. No official project statements on the inflow increase. The event marks a shift in trading focus towards older altcoins as traders adjust positions amid a stable market for major cryptocurrencies. Inflows suggest short-term liquidity migration into these assets, with no new funding or institutional investments reported. This spike coincides with typical cyclical trading patterns in cryptocurrency markets and may lead to temporary price rallies.
A shift in trading focus towards older altcoins was observed on May 31, 2023, as OG altcoins SNT, LPT, and RAY led crypto inflows. This event marked a notable change in trading patterns, with no official project statements reported on the inflow increase. The surge in inflows suggests a short-term liquidity migration into these assets, coinciding with typical cyclical trading patterns in cryptocurrency markets.
Daily stocks & crypto headlines, free to your inbox
Comments
No comments yet