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Coin Edition 2025-01-29 14:30:00

XRP Surpasses Bitcoin and Solana to Lead Upbit’s Korean Won Market: Here’s Why

XRP Surpasses Bitcoin and Solana to Lead Upbit’s Korean Won Market: Here’s Why

XRP/KRW recorded the highest trading volume on Upbit, surpassing BTC and SOL. This sparked speculation around whale activity and Ripple’s legal battle with the SEC. USDT/KRW saw the largest overall trading activity. XRP has become the most traded cryptocurrency against the Korean Won (KRW) on Upbit, South Korea’s largest crypto exchange. According to data from CoinGecko, XRP/KRW recorded a trading volume of $1.68 million. This surpasses Bitcoin at $436,136 and Solana at $253,341. Stablecoin Tether had the highest trading volume at $3.85 million, reflecting strong demand for liquidity in the market. However, XRP led the pack among non-stablecoin cryptocurrencies, maintaining a dominant position in Korea’s crypto trading exchange. Large XRP Transfer Fuels Speculation Blockchain tracker Whale Alert reported a 25 million XRP purchase from Upbit, transferred to an unidentified wallet. This large transaction has created talk about institutional accumulation and potential insider moves. Related: Whale Activity, Buy Signals, and Liquidation Risks: A Closer Look at $XRP, $DOGE, and More Speculation grew following the massive XRP transfer, with some trade… The post XRP Surpasses Bitcoin and Solana to Lead Upbit’s Korean Won Market: Here’s Why appeared first on Coin Edition .

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