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CoinShares report suggests link between Polkadot outflows and parachain auctions
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The market is in extreme fear and most of the top twenty five cryptos are in the red. At press time, Polkadot was the ninth biggest blockchain by market cap, and dotting the i’s of bills at $28.19. While the alt coin dropped by 20.85% in seven days, it rose by 3.84% in the last day.
CoinShares’ Digital Asset Fund Flows Weekly report for 6 December painted a clearer picture of Polkadot’s performance during the past week.
According to the report, digital asset investment products recorded inflows of $184 million. However, the end of the week wasn’t as strong and saw $40 million in outflows on Friday.
Coming to Polkadot, the interoperability-centric alt saw outflows of around $3 million. The CoinShares report noted,
“The majority of outflows came
Read more on ambcrypto.comAbout this in other media
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