Trade volume in South Korea’s two largest cryptocurrency exchanges, Upbit and Bithumb, has seen dramatic increases in trading volume over the past 24 hours. Some altcoins (especially $XRP) traded volumes of hundreds to millions dollars, boosting market activity for some altcomin.
Clearly, South Korean investors are focused on certain altcoins when spot market data from both exchanges are evaluated together. In terms of total volume, $XRP is the most impressive; and projects like Solana (solani), Orbs, Sahara AI & Sign also saw significant increases in trading volume.
Here’s the ranking of altcoins based on the total trading volume data from the two exchanges:
- $XRP
(
$XRP
) – $533 million
2. Bitcoin (BTC) – $260 million
3. Ethereum (ETH) – $186 million
4. Tether (USDT) – $201 million
5. Orbs (ORBS) – $100 million
6. Sahara AI (SAHARA) – $91 million
7. Sign – $82 million
8. Solana (SOL) – $73 million
9. Dogecoin (DOGE) – $47 million
10. Enso (ENSO) – $44 million
Data shows that $XRP is the volume leader on both exchanges, according to the data. Local investor interest remains strong, according to the concentration of transactions especially in KRW (South Korean Won) pairs.
*This is not investment advice.
Thanks for reading 10 Altcoins Experiencing a Volume Explosion in South Korea Announced! XRP Remains at the Top