Upbit Sees $450M in XRP/KRW Trades Amid Sharp Surge in 24-Hour Volume

• XRP/KRW led Upbit trading with $450.77M, 13.7% of global XRP volume in 24 hours.
• Upbit’s total daily volume hit $3.27B, marking a 210% rise from the prior period.
• New listings and top gainers drove strong activity across major and smaller-cap markets.

South Korea’s largest cryptocurrency exchange, Upbit, reported large trading activity over the past 24 hours, with the XRP/KRW market generating $450.77 million in volume. This accounted for 13.7% of total global XRP trading, based on available market data. The surge comes as the platform’s total daily trading volume reached $3.27 billion, representing a 210% increase from the previous period.

In spot trading, XRP/KRW was the most actively traded pair, closing the period at $2.31. Ethereum (ETH/KRW) followed with a price of $4,255.26 and $397.19 million in volume. Bitcoin (BTC/KRW) ranked third, trading at $119,091 and recording $327.04 million in transactions.

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Other active markets included Succinct (PROVE/KRW) at $1.14 with $195.86 million in trades, Enamex (ENA/KRW) at $0.6251 with $16.75 million, and Solana (SOL/KRW) at $182.92, making $16.48 million in activity. Dogecoin (DOGE/KRW) was priced at $0.2815 with $15.05 million in volume, while Strike (STRIKE/KRW) traded at $10.19 with $12.70 million exchanged.

New Listings and Price Movements

Upbit recently added three new assets: Story, trading at $6.82 after a 3.4% gain, Succinct at $1.47, up 4.8%, and Optimism at $0.8085, increasing 0.85%. Among major gainers, Quiztok rose 67.2% to $0.0006542, Juventus Fan Token advanced 4.82% to $1.60, and LayerZero added 2.98% to close at $2.44.

The exchange’s data also showed a range of liquidity conditions. XRP maintained $5.71 million in +2% order book depth, pointing to tighter liquidity compared to Bitcoin’s $651,444 in the same range. Ethereum recorded $1.45 million in +2% depth, while other altcoins displayed smaller liquidity pools.

The recently updated label represented most of the assets in the platform, displaying the new trading actions in a limited period of time. The trading pairs had a slight variation in the trust scores, but overall, the platform’s trust levels were rated at 8 out of 10. Nevertheless, a couple of other holdings had negative indicators not only with their trustworthiness score but also with the conditions of the order books and trading.