South Korea's largest cryptocurrency exchanges, Upbit and Bithumb, saw a notable increase in trading volume over the last 24 hours. High volumes of trading were observed in some altcoins, driven primarily by local investors.
Market data showed that both Bitcoin and leading altcoins saw strong trading traffic in their pairs against the South Korean won (KRW). Analysts noted that this surge in volume could be linked to general crypto optimism in Asian markets.
Here are the cryptocurrencies and their volumes with the highest trading volume in the last 24 hours:
- Bitcoin (BTC) – $493 million
- XRP (XRP) – $306 million
- Ethereum (ETH) – $215 million
- Somnia (SOMI) – $160 million
- Solana (SOL) – $148 million
- Tether (USDT) – $137 million
- Dogecoin (DOGE) – $136 million
- OpenLedger (OPEN) – $124 million
- Celo (CELO) – $98 million
- Plasma (XPL) – $85 million
The total trading volume of the top 10 cryptocurrencies exceeded $1.8 billion. The entry of new altcoins like Somnia (SOMI) and OpenLedger (OPEN) onto the list indicates growing interest among South Korean investors in alternative projects. Bitcoin trading near $125,000 has positively impacted overall market sentiment, pushing trading volumes on exchanges to record levels.
*This is not investment advice.