Upbit and Bithumb, two of South Korea’s largest cryptocurrency exchanges, have seen significant increases in trading volume for some altcoins over the past 24 hours. The volume, concentrated particularly in $XRP, $ONDO, INFINIT, and various low-market-cap altcoins, indicated a renewed interest of South Korean investors in the altcoin market.
XRP Tops the List
According to the data, the highest altcoin trading volume on Upbit was recorded by $XRP with approximately $90.5 million. Strong trading activity was also observed in projects such as $ONDO, $NEAR Protocol, $SOON, and INFINIT. On Bithumb, similar patterns emerged, with XRP also leading the charge there.
Combined Exchange Data
When data from the two exchanges were combined, $XRP emerged as the altcoin with the highest total trading volume by far. $ONDO and INFINIT were also among the projects generating high volume on both exchanges. The concentration of activity suggests that South Korean traders are focusing on these assets, perhaps due to recent developments or market sentiment.
Notable Volumes
The top altcoin trading volumes on Upbit and Bithumb over the last 24 hours include:
- $XRP: $90.5 million on Upbit alone
- $ONDO: significant volume on both exchanges
- INFINIT: strong showing, especially on Bithumb
Other coins like NEAR Protocol and SOON also saw spikes, but not as pronounced as the leaders.
This is not investment advice.
