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06/18 18:01

In the past 24 hours, Ethereum recorded one of

In the past 24 hours, Ethereum recorded one of the most significant stablecoin inflows in the market.

Roughly $1.4 billion worth of stablecoins were added to the Ethereum network; a substantial amount. A surge of this magnitude suggests increased demand for stablecoins by ETH users.

This implies more activity on the network, which could lead to increased ETH usage. As a result, wallet balances holding ETH are likely to rise.

According to Artemis data, the Bridged Netflow metric also spiked over the past 24 hours.

Bridged Netflow measures the volume of assets moved into ETH from other chains. At the time of writing, $114,000 had flowed into Ethereum—most of it from SOL investors selling their holdings.

An increase in bridged inflow—especially one dominated by holders of major cryptocurrencies—suggests these groups consider ETH more bullish in comparison.

If this trend continues, it’s likely to positively impact ETH’s price, indicating growing capital inflow and, more importantly, interest from major investors

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