Unexpectedly, XRP—not Bitcoin—has recently been the most actively traded asset on Upbit, South Korea’s largest exchange 🇰🇷
Here’s the 24-hour trading volume in the KRW spot market on October 15:
🔹 XRP: about $146 million, ranked first
🔹 BTC: about $127 million
🔹 ETH: about $92.09 million
And it wasn’t just a one-day fluke. Overall trading cooled on October 16, but XRP still outpaced BTC, with about $108 million versus roughly $95 million, topping the charts for two days in a row.
But two details call for a level-headed take:
1️⃣ The price hasn’t taken off with the volume. XRP is still hovering around $1.34, with virtually no “Kimchi premium” in sight;
2️⃣ Some believe South Korea’s recent crackdown on access to unregistered overseas platforms has prompted some funds previously traded abroad to return to local exchanges, inflating volumes as they “move back”—so it’s not all new buying.
South Korean retail traders have long been one of the barometers of altcoin rallies. Volume is picking up, but the price hasn’t moved yet. Do you think money is quietly positioning itself, or is this just traders passing tokens back and forth? 👇
#以太坊跌破2400USDT #XRP #BTC
Here’s the 24-hour trading volume in the KRW spot market on October 15:
🔹 XRP: about $146 million, ranked first
🔹 BTC: about $127 million
🔹 ETH: about $92.09 million
And it wasn’t just a one-day fluke. Overall trading cooled on October 16, but XRP still outpaced BTC, with about $108 million versus roughly $95 million, topping the charts for two days in a row.
But two details call for a level-headed take:
1️⃣ The price hasn’t taken off with the volume. XRP is still hovering around $1.34, with virtually no “Kimchi premium” in sight;
2️⃣ Some believe South Korea’s recent crackdown on access to unregistered overseas platforms has prompted some funds previously traded abroad to return to local exchanges, inflating volumes as they “move back”—so it’s not all new buying.
South Korean retail traders have long been one of the barometers of altcoin rallies. Volume is picking up, but the price hasn’t moved yet. Do you think money is quietly positioning itself, or is this just traders passing tokens back and forth? 👇
#以太坊跌破2400USDT #XRP #BTC