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Crypto

Upbit Sees 1.15 Trillion Won in Volume During Cryptocurrency Flash Crash

Guavy AI Editorial Team
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BTC USDT XRP TRUMP TRU
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The South Korean crypto exchange Upbit saw an estimated 1.15 trillion won in volume during a volatile hour of trading on August 22.

This surge occurred around 05:00 UTC, when Bitcoin, XRP, and other major cryptocurrencies experienced abrupt downward price wicks before recovering part of their losses.

The resulting liquidations and rapid repositioning drove spot activity higher across South Korea's largest exchanges.

XRP led Upbit trading activity with 32.20% of the measured volume, followed by TRUMP at 10.93%, and USDT at 8.39%.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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