XRP Fuels $830M Upbit Trading Frenzy in South Korean Crypto Market

South Korea's largest cryptocurrency exchange, Upbit, saw a massive surge in trading volume on Saturday, reaching approximately $830 million within a single hour.

This sudden spike followed a previous sharp increase on August 21, when daily volume jumped 273% to around $1.84 billion, its highest level since mid-March.

The total 24-hour volume had climbed to about $3.81 billion by Saturday, marking a notable return of speculative activity in one of the world's most active retail crypto markets after several months of weaker trading.

XRP dominated activity on Upbit, capturing nearly a third (32.20%) of the exchange's 24-hour trading volume, well ahead of other assets like TRUMP, USDT, Ethereum, and Bitcoin.