[Coin Scan] Funds flowing into Tether… Domestic coin market, analysis of stocks with net purchases and fluctuation rates

As of 3 PM on May 30th, the domestic cryptocurrency market showed mixed trends, with some notable surges and drops. Different exchanges saw varying investor interests, with noticeable buying pressure on stablecoins. In terms of net buying, the stablecoin Tether (USDT) recorded the highest net purchase volume on Upbit. This suggests a strengthened demand for cash-like assets amid overall market uncertainty. Subsequently, significant buying flows were observed in Bitcoin (BTC), Ripple (XRP), and Ethereum (ETH), with defensive fund movements noted for major assets. Among rapidly rising coins, Livepeer (LPT) drew investor attention by showing the highest surge on Bithumb, recording a double-digit percentage increase, which was interpreted as reflecting short-term expectations. On Upbit, SAFE demonstrated strength with active trading. Additionally, POKT and LPT traded on Corbiz recorded significant price fluctuations. Conversely, some coins experienced sharp declines. On Bithumb, SoFi and StormX showed the most prominent drops. Particularly, SOFI recorded a significant decline, which could be interpreted as a correction phase after a short-term surge, indicating reduced investment sentiment for volatile assets. In top trading volume, Waltonchain (WCT), XRP, and BTC were prominent on Upbit. Tether (USDT) also appeared in the top trading volumes on Bithumb, maintaining active trading across major exchanges. The trading boom in stablecoins is seen as aligned with market preferences for safe assets. According to Bonanzalab data, the market showed investors' sentiments intersecting without a clear direction, with significant price variations between rising and falling coins. Exchanges displayed concentrated trading in specific assets and selective investment flows based on short-term themes. Currently, the market is experiencing rapid fund concentration in certain assets while simultaneously seeing exits from some high-risk assets. In this mixed environment, a conservative strategy utilizing major assets is more advisable than chasing high-volatility coins.