XRP trading volume skyrockets compared to Bitcoin, ETH and DOGE in South Korea
In South Korea, XRP trading volume has far exceeded Bitcoin (BTC) and Ether (ETH), and is even much higher than Dogecoin (DOGE). On major exchanges like UpBit and Bithumb, XRP recorded trading volumes in the hundreds of millions of dollars, while BTC reached less than half that level. This ratio is unusual, indicating very high short-term demand for XRP in the Korean market. Some sources claim that XRP trading volume has even exceeded $6 billion in a single day.
This spike could be a sign of impending price volatility. Korean traders often drive strong token price increases, creating buying pressure and influencing market prices. Political events such as the arrest of President Yoon Suk Yeol may also be a contributing factor to this increase. Additionally, changes in the regulatory environment in the US regarding XRP could also be a cause.
