In the past 24 hours, trading volumes of altcoins on major South Korean exchanges, Upbit and Bithumb, have risen significantly. Notably, altcoins such as XRP, Dogecoin, and Tezos have attracted considerable interest.
Overall Altcoin Trading Volumes
The combined trading volume for altcoins on Upbit and Bithumb has reached hundreds of millions of dollars. High activity has been recorded throughout the day.
Top Trading Leaders
The most actively traded altcoins in the last 24 hours include:
1. XRP – $905 million 2. Dogecoin (DOGE) – $602 million 3. Tezos (XTZ) – $406 million 4. Ethereum (ETH) – $398 million 5. Bitcoin (BTC) – $186 million 6. Tether (USDT) – $184 million 7. Ethena (ENA) – $171 million 8. Nervos Network (CKB) – $167 million 9. Tokamak Network (TON) – $145 million 10. Ethereum Classic (ETC) – $153 million 11. Solana (SOL) – $151 million 12. Elixir (ELX) – $120 million 13. Conflux (CFX) – $55 million 14. Worldcoin (WLD) – $42 million 15. Pudgy Penguins (PENGU) – $37 million.
Analysis of Current Trends
The trading volume of XRP alone on these two exchanges exceeded $900 million, indicating a high demand for this altcoin. There is also significant interest in Dogecoin and Tezos, underscoring shifting investor preferences.
Thus, the increase in altcoin trading volumes on South Korea's major cryptocurrency exchanges highlights investor activity and shifting market preferences.