Upbit Sees $830M Trading Hour as XRP Surges Amid Renewed Korean Crypto Activity
South Korea's largest cryptocurrency exchange, Upbit, has seen a significant surge in trading activity. In one hour alone, the platform recorded $830 million in volume, driven mainly by XRP and the TRUMP meme coin. This marks a strong return of retail crypto trading after months of decline.
XRP led the way with over 32% of the volume, boosted by regulatory talks and institutional interest. Stablecoins also saw significant activity during this time.
The 24-hour volume surged to $3.81 billion, indicating renewed risk appetite among Korean investors. However, the sustainability of this rally remains uncertain.