There are unusual increases in trading volumes for some altcoins on South Korean exchanges, where the cryptocurrency community is concentrated.
South Korea’s leading cryptocurrency exchanges Upbit and Bithumb have experienced a significant increase in trading volume for some altcoins in the last 24 hours.
A notable rise was observed especially in altcoins such as XRP, Ethena (ENA) and Pudgy Penguins (PENGU).
When data from various exchanges is combined, XRP is clearly at the top with a volume exceeding $430 million, while ENA and PENGU also reached a combined trading volume of over $220 million. Major coins like Ethereum (ETH), Dogecoin (DOGE), and Bitcoin (BTC) were on the list with relatively lower volumes.
Here are the altcoins that reached the highest trading volume on Upbit and Bithumb in the last 24 hours and their total volumes:
