The XRP token continues to lead trading activities on the Upbit cryptocurrency exchange, showing significant trading volumes along with the rise of meme coins.
XRP Takes the Lead in Trading Volume
In the past 24 hours, XRP has become the leader in trading volume on Upbit, recording $549.76 million. The XRP/KRW pair traded at $2.09, making up 17.12% of the platform's total volume. Despite a 28.1% drop in overall activity, Upbit registered a trading volume of $3.21 billion, with XRP remaining the most active token, highlighting strong interest from South Korean traders.
Meme Coins Outperform Large Assets
Amidst the overall decrease in activity, meme coins like PUDGY and DOGE have shown notable growth. PUDGY outperformed Bitcoin in trading volume, attracting $215.21 million at a price of $0.0137, which represents 7.84% of total trades. Ethereum also impacted trading, logging $248.49 million against the Korean won, indicating significant activity in this segment.
New Tokens and Top Gainers on the Platform
Newly listed tokens on Upbit include Ethena, Babylon, and Moo Deng, all of which exhibited recent price movements. The strongest gainers over the 24-hour period were CoW Protocol (+22.5%), Ethereum Name Service (+19.7%), and CYBER (+16.7%). This clearly confirms that the market is active, and new projects are finding their audience even amid overall declines.
Thus, despite a reduction in the overall trading volume on Upbit, XRP remains a stable leader. Meanwhile, meme coins show notable growth amid increased interest from traders.
