HomeCryptocurrencyXRP Is Dominating In Korea. Here's What Happened

XRP Is Dominating In Korea. Here’s What Happened

XRP leads Bitcoin and Ethereum in trading volume on South Korea’s Upbit exchange, with Xaif Crypto reporting more than $200 million in 24-hour activity.

The figures show XRP trading on one of South Korea’s largest cryptocurrency exchanges, while additional data from the analyst shows strong activity across monthly and yearly periods.

“XRP IS DOMINATING UPBIT,” Xaif Crypto tweeted. The analyst cited $203.9 million in 24-hour XRP volume as the cryptocurrency reached 2,020 KRW. Bitcoin recorded $143 million, while Ethereum posted $119 million over the same period.

“Korea is trading XRP harder than Bitcoin and Ethereum,” Xaif Crypto added.

The attached data shows similarly strong XRP activity. The snapshot recorded approximately $215.1 million in daily XRP trading value, compared with $165 million for Bitcoin and $120.4 million for Ethereum.

XRP Posts Strong Monthly And Yearly Figures

The Upbit data also shows that XRP has maintained significant trading activity across longer periods. XRP recorded approximately $4.84 billion in monthly trading value. Bitcoin reached about $2.54 billion, while Ethereum recorded approximately $1.99 billion.

The yearly figures show another substantial difference. XRP generated approximately $68.89 billion in trading value during the measured period. Bitcoin recorded about $54.16 billion, while Ethereum reached roughly $42.33 billion.

The same snapshot placed XRP’s closing price at 2,027 KRW, which equated to approximately $1.46 based on the displayed exchange rate.

ChaCha referenced the longer-term figures in a comment beneath Xaif Crypto’s post. “That’s not new news! Daily, Monthly, and Yearly! They hold over 6.4B #1 exchange,” ChaCha wrote while sharing an image of Upbit’s XRP trading data.

Macro Bombastic also commented on XRP’s activity in South Korea, writing, “Korea always loves XRP, volume there hits different tbh.”

Upbit Moves 11 Million XRP

Xaif Crypto also reported another development involving XRP held on Upbit. In a separate post, the analyst said Upbit moved 11 million XRP worth $16 million to a newly created wallet.

The wallet then distributed XRP to deposit addresses linked to Binance, Bybit and Bitget. Xaif Crypto said the wallet’s balance subsequently fell to approximately 275,000 XRP.

These transfers show XRP moving from fresh wallet addresses associated with several major cryptocurrency exchanges. The transactions therefore provide additional data on XRP movements connected to the broader exchange market.

Ripple Envoy also commented on the trading figures, saying, “That’s a serious signal from Korea 🇰🇷 XRP isn’t just being held there; it’s being actively traded.”

Ripple Envoy then asked, “Is Korea seeing something the rest of the market hasn’t?”

Xaif Crypto’s posts therefore center on two developments: XRP’s higher trading volume than Bitcoin and Ethereum on Upbit and the movement of 11 million XRP toward major exchange deposit addresses.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.


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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over seven years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
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