Upbit is seeing $450 million in XRP/KRW trading amid a surge in 24-hour volume

• XRP/KRW led the Upbit trading at $450.77 million in 24 hours at 13.7% of global XRP volume.
• Upbit’s daily total amount reached $32.7 billion, an increase of 210% from the previous period.
• New listings and top gains have fueled strong activity in major and small markets.

South Korea’s largest cryptocurrency exchange, Upbit has reported massive trading activities over the past 24 hours, generating a volume of $4577 million. This accounts for a total of 13.7% of global XRP transactions based on available market data. This surge represents a 210% increase from the previous period, with the platform’s total daily trading volume reaching $3.27 billion.

In spot trading, XRP/KRW was the most actively traded pair, closing the period at $2.31. Following Ethereum (ETH/KRW), it won a price of $4,255.26 and a volume of $397.19 million. Bitcoin (BTC/KRW) ranked third, trading at $119,091 and recorded a $327.04 million deal.

Other active markets included $1986 million in a $1.14 transaction, concise (certified/KRW), $1675 million for Enamex (ENA/KRW) at $0.6251, and $182.92 for Solana (Sol/KRW) at $16.48 million in activity. DogeCoin (Doge/KRW) was sold for $0.2815 on a volume of $15.05 million, while Strike (Strike/KRW) traded for $12.7 million for $10.19.

New listings and price movements

Upbit recently added three new assets. Stories, after a 3.4% profit, $6.82, a concise $1.47, a 4.8% increase, optimism increased by $0.8085, 0.85%. Of the major gains, Quiztok rose 67.2% to $0.0006,542, while Juventus Fan Token went to $1.60 to 4.82%, and Layerzero closed at $2.44, adding 2.98%.

Exchange data also showed various liquidity conditions. XRP maintained a +2% order depth at $5.71 million, pointing to harsher liquidity compared to $651,444 for Bitcoin in the same range. Ethereum recorded a depth of $1.45 million +2%, while other Altcoins displayed smaller liquidity pools.

Recently updated labels represent most of the assets in the platform, showing new trading actions for a limited period of time. The trading pair showed slight fluctuations in their trust scores, but overall, the platform’s trust level was rated at 8 out of 10. Nevertheless, some other holdings had negative indicators not only in reliability scores but also in terms of orders and transaction.