- XRP dominates Upbit’s trading, with $367 million in volume and strong liquidity.
- Trump Coin sees major traction, contributing 16.45% of Upbit’s total volume.
- Bitcoin Gold surges 57.5%, highlighting strong price momentum among altcoins.
Trading activity surged on South Korea’s top crypto exchange, Upbit, with XRP gaining notable traction among local traders. The platform recorded a 24-hour trading volume of over $3.3 billion, despite an 8.2% dip compared to the previous day.
This sharp increase in volume has placed XRP among the top-traded assets, underlining its strong appeal among Korean traders. With a solid Trust Score of 8 out of 10, Upbit continues to attract high-volume trading in both popular and newly-listed digital assets.
Why is XRP Seeing High Volume on Upbit?
XRP particularly stood out in Upbit’s spot markets. The XRP/KRW pair generated over $367 million volume (over 11% of total activity), per Coingecko data .
Priced at $2.15, XRP maintained a tight 0.06% spread and showed strong liquidity. Buy-side depth at +2% stood at over $1 million, while the sell-side hit $2.67 million, signaling active movement and investor confidence.
Related: XRP Surpasses Bitcoin and Solana to Lead Upbit’s Korean Won Market: Here’s Why
What Other Assets Dominate Upbit’s Trading Activity?
Even more dominant was the Official Trump token, also paired with KRW. It traded at $12.00 with a staggering $546 million in daily volume.
Related: XRP Price Forms Inverse Head and Shoulders, Traders Eye Breakout to $2.70
This pair alone contributed 16.45% of Upbit’s overall activity. Liquidity was healthy, with a strong buy depth of $517,422 and a sell depth of $272,745, despite recent volatility in politically-linked tokens.
Notable Listings and Price Movers Shake Up the Leaderboard
Besides XRP and Trump Coin, other notable tokens contributed to Upbit’s momentum. DeepBook, despite a sharp 20% price drop to $0.1633, attracted $224 million in trading volume. However, liquidity remained limited, reflecting cautious investor sentiment.
Among the largest gainers, Bitcoin Gold stole the spotlight with a massive 57.5% price surge to $0.8499. Ardor followed with a 39.9% rise, while the Trump token also posted a 29% increase, reinforcing its strong market presence.
How Did Bitcoin Perform Alongside Smaller Cap Coins?
Bitcoin held steady at $92,218.58, with more than $211 million in trading volume. Its spread remained at 0.06%, and liquidity levels stayed stable, showing consistent interest from institutional and retail investors alike.
Meanwhile, Aergo emerged as a quiet performer. Trading at $0.1984, it recorded $160 million in volume with the narrowest spread on the platform at 0.04%. Balanced liquidity and investor interest have helped it remain a reliable pick in the mid-cap segment.
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