Ethereum (ETH) and XRP Gain Power on South Korean Exchanges! Surprise Altcoins Experience a Trading Volume Explosion!

Although Ethereum and altcoins are in a general downward trend, some altcoins in South Korea have experienced a notable increase in trading ￰0￱ data from South Korea's largest cryptocurrency exchanges Upbit and Bithumb are combined, Ethereum (ETH) and XRP took the top two places in total trading ￰1￱ dominated the Korean cryptocurrency market last week, maintaining higher trading volumes than Bithumb. Upbit's daily trading volume has typically exceeded $5 billion, peaking near $7.5 ￰2￱ contrast, Bithumb's trading volume has been relatively modest, typically hovering between $1 billion and $2 billion ￰3￱ it comes to altcoins, ETH and XRP clearly dominated both ￰4￱ Upbit, ETH ($2.064 billion) led in trading volume, followed by XRP ($2.05 billion) and Cronos (CRO) ($1.82 billion).

Solana (SOL -$1.56 billion) and Bitcoin (BTC -$1.21 billion) ranked fourth and fifth. Interestingly, PYTH, which the US Department of Commerce has partnered with for macroeconomic data, also showed remarkable growth in the Korean market, with weekly trading volume reaching $1.1 ￰5￱ Bithumb, like Upbit, ETH ($1 billion) and XRP ($923 million) performed ￰6￱ were followed by USDT ($708 million) and SOL ($663 million). Bitcoin came in fifth with $612 million, while mid-cap tokens like Dogecoin (DOGE), Ethena (ENA), CRO, and PENGU were further down the list. However, they recorded lower volumes, according to Upbit. *This is not investment ￰7￱ Reading: Ethereum (ETH) and XRP Gain Power on South Korean Exchanges!

Surprise Altcoins Experience a Trading Volume Explosion!