In the last 24 hours, South Korea’s largest exchanges, Upbit and Bithumb, have seen a notable increase in trading volumes for various altcoins.
Overall Increase in Trading Volumes
According to data from both exchanges, the overall trading volume of altcoins has significantly increased, with particular interest in Ethereum (ETH), XRP, and Succinct (PROVE).
Popular Altcoins
The altcoins with the highest trading volumes are as follows:
1. Ethereum (ETH) – $698.99 million 2. XRP – $686.83 million 3. Succinct (PROVE) – $520.57 million 4. Bitcoin (BTC) – $355.56 million 5. Solana (SOL) – $248.19 million 6. Ethena (ENA) – $231.88 million 7. Caldera (ERA) – $126.49 million 8. Raydium (RAY) – $128.60 million 9. SOON – $129.27 million 10. Tether (USDT) – $90.62 million 11. Pudgy Penguins (PENGU) – $85.16 million 12. Dogecoin (DOGE) – $164.72 million 13. Ethereum Name Service (ENS) – $103.49 million.
Differences in Korean Investor Interest
The interest of South Korean investors in certain altcoins differs from global trends. It is particularly noteworthy that Ethereum has taken the top spot from XRP after months of XRP leading the market.
The current trading volume data for altcoins on South Korean exchanges reflects investor activity and shifting market trends, particularly concerning Ethereum.
