South Korean cryptocurrency exchange Upbit recorded $163.4 million in trading volume over a recent 24-hour period, signaling a notable market slowdown. The platform’s activity dipped amid fluctuating investor sentiment as traders navigated shifting market conditions.
XRP/KRW emerged as the dominant trading pair, capturing 29.08% of Upbit’s Korean won market volume. Ethereum (ETH) and Bitcoin (BTC) secured subsequent positions, while Ethena (ENA) and Toncoin (TON) rounded out the top five most traded pairs.
The sustained trading prominence of XRP underscores strong liquidity demand and investor interest for the asset within Korea’s cryptocurrency ecosystem despite the overall volume contraction. This temporary pullback reflects broader market adjustments as participants assess evolving risk factors across global exchanges.