Data from South Korea’s largest cryptocurrency exchanges, Upbit and Bithumb, over the past 24 hours indicates a remarkable surge in trading volume, particularly in certain altcoins. A compilation of data from both exchanges, based on South Korean Won exchange rates, reveals a concentration of local investor interest in both major cryptocurrencies and specific altcoins.
According to the data, XRP has become one of the most traded altcoins in the South Korean market by far, ranking high on both Upbit and Bithumb. While major cryptocurrencies like Bitcoin and Ethereum also maintain high volumes, increases in altcoins such as MOVE, SOL, and SUI indicate a resurgence of speculative interest.
It is also noteworthy that some projects that are prominent only on a single exchange are seeing strong local trading activity.
- XRP – approximately $117 million
- Bitcoin (BTC) – approximately $112 million
- Ethereum (ETH) – approximately $88 million
- Tether (USDT) – approximately $87 million
- Movement (MOVE) – approximately $48 million
- Solana (SOL) – approximately $46 million
- Sui (SUI) – approximately $22 million
- Dogecoin (DOGE) – approximately $22 million
- Axelar (AXL) – approximately $26 million (Upbit only)
- Somnia (SOMI) – approximately $24 million (Upbit only)
- Aergo (AERGO) – approximately $23 million (Upbit only)
- Humanity (H) – approximately $22 million (Bithumb only)
- Pieverse (PIEVERSE) – approximately $13 million (Bithumb only)
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/south-korea-sees-explosive-trading-volume-in-13-altcoins-heres-the-list/
