Data from cryptocurrency exchanges Upbit and Bithumb showed a surge in trading volume for some altcoins in South Korea.
Upbit and Bithumb, South Korea’s two largest cryptocurrency exchanges, have seen a remarkable increase in trading volume over the past 24 hours.
The concentration of trading volume in some altcoins, particularly those trading against the Korean Won (KRW), indicates a strengthening of short-term speculative activity in the markets.
The data shows a significant influx of liquidity into both major cryptocurrencies and altcoins with relatively lower market capitalization.
Here are the altcoins with the highest trading volume on South Korean cryptocurrency exchanges in the last 24 hours:
In particular, XRP was the asset with the highest trading volume on both exchanges. With $101.7 million traded on Upbit and $51 million on Bithumb, XRP generated a total volume exceeding $150 million, demonstrating a resurgence of investor interest in the South Korean market.
