Upbit and Bithumb, South Korea's largest cryptocurrency exchanges, have noted a significant increase in trading volumes for certain altcoins in the last 24 hours.
Trading Volumes on Upbit and Bithumb
In the past 24 hours, Upbit and Bithumb recorded trading volumes reaching hundreds of millions of dollars, especially concerning altcoins.
Top Altcoins by Trading Volume
The following altcoins exhibited the highest trading volumes:
1. XRP – $645 million 2. Stellar (XLM) – $460 million 3. Bounce (AUCTION) – $277 million 4. Pudgy Penguins (PENGU) – $355 million 5. Moca Network (MOCA) – $233 million 6. Hedera (HBAR) – $184 million 7. Bitcoin (BTC) – $179 million 8. Tether (USDT) – $53 million 9. Bonk (BONK) – $42 million 10. Kyber Network Crystal (KNC) – $159 million 11. Hyperlane (HYPER) – $99 million
Interest in NFT Projects
XRP remained a focal point for investors, achieving the highest volume on both exchanges. Additionally, the significant volume increase among NFT-themed projects like Pudgy Penguins indicates that Korean users are not only interested in large-scale projects but also niche altcoins and memecoins.
Thus, the rise in trading volumes on Upbit and Bithumb underscores a sustained interest in altcoins in South Korea, encompassing both well-known projects and emerging NFT trends.
