15 Altcoins Soar in South Korea as Upbit/Bithumb Volume Jumps
On-chain data shows that 15 altcoins are experiencing a surge in trading volume in South Korea. In the past 24 hours, the most popular altcoins on Upbit and Bithumb combined reached about $347.7 million in total spot volume, highlighting a clear wave of demand.
MetaDAO (META) led the ranking with $65.84 million on Upbit alone (12.39% of Upbit’s spot volume). Euler (EUL) ranked second with $47.65 million across two exchanges ($44.28M on Upbit, ~$3.38M on Bithumb). XRP remained a key beneficiary of local interest, totaling $38.11 million ($27.30M on Upbit and $10.81M on Bithumb).
Other notable volume leaders included ThunderCore (TT) at $35.64 million, Babylon (BABY) at $25.15 million, Geodnet (GEOD) at $20.28 million, Hyperlane (HYPER) at $19.72 million, and Momentum (MMT) at $17.67 million. The list also covered ONDO ($15.65M), SHIB ($10.55M), HOME ($9.61M), Lorenzo Protocol (BANK) ($9.51M), Akash Network (AKT) ($7.36M), DOGE ($7.30M), and Worldcoin (WLD) ($5.74M).
For traders, this 15 altcoins volume surge suggests short-term momentum and potential liquidity expansion, especially in names like META, EUL, and XRP.
Bullish
The report highlights a concentrated 24-hour spot volume surge across 15 altcoins on South Korea’s two largest exchanges (Upbit and Bithumb), totaling about $347.7M. Such clustering of demand often translates into short-term price support because higher volume improves liquidity, tightens spreads, and enables breakouts to sustain longer before profit-taking.
In the short term, traders may rotate into the top liquidity magnets (META, EUL, XRP) expecting momentum continuation. If volume persists beyond the initial spike, follow-through could extend to the next tier (TT, BABY, GEOD, HYPER). However, if this surge is driven by short-lived news/speculative positioning, the market can quickly mean-revert as liquidity thins.
Over the long term, repeated episodes of exchange-volume expansion in the same region can reflect broader retail/institutional onboarding. That said, the article does not provide fundamentals (adoption, revenues) or risk metrics (liquidations, funding), so the bullish bias is mainly momentum-based rather than a fundamental re-rating. Similar past “exchange-volume spike” events often produce immediate pump-and-stabilize patterns, with the outcome depending on whether the volume footprint remains after the first 24–72 hours.