Ethereum and XRP Lead Trading Volumes on South Korean Exchanges
Ethereum and XRP topped trading volume charts on South Korea’s largest crypto platforms, Upbit and Bithumb, despite a broader market downturn. On Upbit, daily volume often exceeded $5 billion, peaking near $7.5 billion, with ETH at $2.064 billion and XRP at $2.05 billion. Cronos (CRO), Solana (SOL) and Bitcoin (BTC) followed closely, while PYTH saw a surprise weekly surge to $1.1 billion. Bithumb recorded $1–2 billion in daily activity, led by ETH ($1 billion) and XRP ($923 million), then USDT, SOL and BTC. This surge in altcoin trading volume on South Korean exchanges reflects strong local demand and growing liquidity. Traders should watch for volatility and potential price momentum as increased volume often precedes short-term rallies.
Bullish
The surge in trading volume on South Korean exchanges signals heightened market demand and liquidity for Ethereum, XRP and other altcoins. Historically, volume spikes on major platforms like Upbit and Bithumb have preceded price rallies as new capital enters the market. In the short term, elevated trading volume often fuels volatility and upward price pressure. Over the longer term, sustained liquidity growth can support a bullish trajectory by attracting institutional participation and reinforcing confidence in altcoin markets. This pattern mirrors past events when Korea-led volume surges drove global altcoin rallies.