There has been a significant increase in trading volume for some altcoins on South Korea's Upbit and Bithumb exchanges, attracting investor attention.
Market Dynamics
XRP tops both platforms with nearly $700 million in total trading volume, indicating a return of interest in the altcoin market. Increased volumes for other altcoins have also been noted.
Trading Volumes of Altcoins
In the last 24 hours, the following trading volumes for altcoins have been recorded on Upbit and Bithumb:
1. XRP – $730 million 2. Ethereum (ETH) – $273 million 3. Bitcoin (BTC) – $201 million 4. Ethena (ENA) – $135.7 million 5. Dogecoin (DOGE) – $83 million 6. Solana (SOL) – $77.5 million 7. Tether (USDT) – $79.3 million 8. Pudgy Penguins (PENGU) – $58.8 million 9. Tokamak Network (TON) – $53 million 10. Strike (STRIKE) – $40.4 million 11. Conflux (CFX) – $18.3 million 12. AMO Coin (AMO) – $15.9 million.
Conclusion
The rise in trading volumes of altcoins on South Korean exchanges indicates a shift in investor interests in the cryptocurrency space. Close attention should be paid to further market trends.
The trading volume dynamics show an improvement in interest in altcoins and important changes in investor behavior.
