An XRP community pundit reveals that the XRP market has observed billions in net inflows over an hour for the first time ever. This disclosure came from Chad Steingraber, a game developer and prominent figure within the XRP community. Notably, over the past few days, Steingraber has been identifying massive spikes in XRP netflows and volume on Upbit , South Korea's largest crypto exchange by volume. Previous Strides in Volume and NetflowsInterestingly, each update on this discovery has been more impressive than the previous one, with volumes and inflows consistently increasing on Upbit. The Crypto Basic first called attention to this trend four days ago, confirming in a July 8 report that XRP saw $1.98 billion volume over a 1-hour period on July 7.The report also highlighted a more impressive net inflow figure of $1.58 billion within an hour on the same day, a metric also identified by Steingraber. Now, the game developer has spotlighted more remarkable net inflow figures that appear to be setting records in the XRP market.XRP Sees $2.39B Net Inflows Within an Hour on UpbitSpecifically, he stressed in a recent commentary that XRP had never observed up to $1 billion worth of net inflows over an hour until now. While the $1.58 billion net inflow on July 7 confirms this disclosure, Steingraber pointed to a more impressive figure when someone asked for evidence of his claims.Notably, the community pundit had on July 11 revealed that Upbit saw a massive $2.39 billion worth of XRP net inflows in the hour leading to 3:27 PM (UTC). This was unarguably one of the largest hourly net inflows observed by XRP in recent times. In addition to this, Upbit also saw a whopping $9.11 billion in XRP volume over an hour.https://twitter.com/ChadSteingraber/status/1943693678549025216Speaking on the recent trend, XForceGlobal, a South Korean certified Elliott Wave analyst, revealed that XRP now boasts a higher volume in Korea than Bitcoin and Ethereum combined. According to him, these volumes are even higher than what the market saw last December, when XRP soared beyond $3. He suggested that Korean retail was now entering the market en masse.What's Happening?However, Steingraber and other pundits have insisted that such large volumes are unlikely to be driven by retail. Instead, they argue that institutions could be entering the Korean XRP market. In a post, he noted that Upbit appears to be moving millions of XRP, which has contributed to the recent volume uptick. He attributed this to ODL ( now Ripple Payments ).Meanwhile, order book expert Dom noted that investors have also consistently bought more XRP on Upbit. According to him, the recent XRP pump to $2.8 was partly fueled by Korean traders on Upbit. He showed that investors procured nearly $30 million in XRP over an hour globally, and Upbit accounted for nearly $13 million.https://twitter.com/traderview2/status/1943672244783161761
