Upbit Trading Volume Don Drop Reach $163.4M As XRP/KRW Dey Top 29.08% Share
Upbit 24-hour trading volume fall to $163.4 million on August 4, e show say market slow down small because market no steady. According to CoinGecko, di XRP/KRW pair na top for Korean won market with 29.08% of Upbit trading volume (about $47.5 million). Ethereum (ETH/KRW) follow with 18.48%, Bitcoin (BTC/KRW) get 17.20%, ENA/KRW with 9.17%, TON/KRW with 7.71%. This change show how liquidity dey change and how traders for Korea dey change their mind. Even though Upbit trading volume drop, strong demand for XRP fit bring small short-term wahala and trading chance. People wey dey market suppose dey watch these main pairs and volume trend to fit find better time to enter or changes for liquidity inside slow market.
Neutral
Even though XRP dey dominate for trading share, the overall decline for Upbit trading volume dey show say market slow down more generally, no be say market get clear direction. Historically, when trading volume dey low, big tokens price dey move sideway until e get new catalyst. Even if liquidity dey concentrated for XRP/KRW fit give small short-term trading chance, the low volume for Upbit dey limit momentum. The overall effect na neutral: strong local demand for XRP balance well with low overall activity. Traders suppose wait for sustained rebound for trading volume before dem change their long-term positions.