It is a truth universally acknowledged, that a single cryptocurrency in possession of a good fortune, must be in want of a fervent trading activity. And so it is with XRP, whose spot trading volume on Upbit has surged to a staggering $269.22 million in the past 24 hours, leaving all other global exchanges in its wake. 🚀
A Most Singular Event: Upbit XRP Trading Volume Surpasses All Others
According to the esteemed CoinGlass, XRP’s spot trading volume on Upbit has reached an unprecedented $269.22 million, eclipsing even the mighty Binance, which recorded a mere $226.76 million. But what is most striking, dear reader, is that Binance’s trading volume is composed of outflows, whereas Upbit’s is a veritable tidal wave of inflows. 🌟
One cannot help but be astonished by the sheer magnitude of this event. A single hour’s trading volume of $161.62 million is a feat that beggars explanation. As the sagacious investor Chad Steingraber so astutely observed, “Something is definitely going on. The 1 Hour XRP Volume on Upbit is way too much for retail all of a sudden.” 🤔
Alas, dear reader, it appears that these transfers into Upbit are primarily selloffs. CoinGlass reveals a negative net XRP inflow of $103.32 million to Upbit in the past 24 hours. Ah, the capricious nature of the cryptocurrency market! 😱
The South Korean Crypto Trader: A Force to be Reckoned With
It is a little-known fact, dear reader, that South Koreans are a digitally literate and crypto-savvy people. A recent survey revealed that a majority of South Koreans aged 20 to 60 have actively engaged in crypto trading. And XRP, it seems, holds a special place in their hearts. ❤️
For in South Korea’s trading landscape, XRP frequently reigns supreme, surpassing even the mighty Bitcoin and Ethereum. According to CoinGecko, the XRP/KRW pair is currently the most traded pair on the Upbit crypto exchange, with a 12.21% share in the past 24 hours. 📈
The inimitable crypto analyst XForceGlobal has astutely observed that South Korean investors have played a significant role in propping up the XRP price in recent months. And at the time of writing, XRP is trading at a respectable $2.33, up by 2.3% in the past 24 hours. 📊
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2025-07-10 05:13