XRP Takes Over Korea’s Top Exchange
2025-07-01 13:15:24
Main Idea
XRP has surged to become the most traded cryptocurrency on South Korea's largest exchange, Upbit, surpassing Bitcoin and Ethereum in trading volume, driven by strong demand, whale activity, and ETF speculation.
Key Points
1. XRP recorded $166 million in 24-hour trading volume on Upbit, capturing 14.37% of all trades, making it the most traded asset on the platform.
2. South Korea's historical interest in XRP and regulatory clarity around crypto trading have contributed to its dominance.
3. Large wallet holders ('whales') have been actively accumulating XRP, with some acquiring over 11 million XRP, signaling strong demand.
4. Speculation about a potential XRP spot ETF has fueled further momentum and investor interest.
5. XRP's dominance on Upbit could influence global markets, given South Korea's impact on international crypto prices, including the 'Kimchi Premium' phenomenon.
Description
XRP has surged to dominate trading activity on South Korea’s largest cryptocurrency exchange, Upbit, surpassing Bitcoin (BTC) and Ethereum (ETH) in volume. According to crypto analyst Xaif, XRP recorded a staggering $166 million in 24-hour trading volume on July 1, capturing 14.37% of all trades on the platform. This makes XRP the most traded asset on Upbit for the day, an extraordinary feat that has turned heads across the global crypto community. XRP Tops the Charts on Upbit Xaif’s update conf...
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