South Korea’s leading cryptocurrency exchanges, Upbit and Bithumb, have seen notable increases in trading volume over the past 24 hours. The surge in volume, particularly seen in some altcoins, suggests a surge in investor interest in these projects.
According to Upbit data, Plasma (XPL) and KAITO topped the list with significant jumps in trading volume. On Bithumb, Tether (USDT) and PumpBTC (PUMP) were the standouts. A collation of trading data from both exchanges reveals strong interest from South Korean investors in both new projects and established cryptocurrencies.
The altcoins with the highest volume in the last 24 hours are as follows:
- Plasma (XPL) – $346 million (Upbit)
- KAITO (KAITO) – $289 million (Upbit + Bithumb)
- Mira (MIRA) – $187 million (Upbit + Bithumb)
- XRP (XRP) – $178 million (Upbit + Bithumb)
- Tether (USDT) – $196 million (Upbit + Bithumb)
- Bitcoin (BTC) – $118 million (Upbit + Bithumb)
- Ethereum (ETH) – $80 million (Upbit + Bithumb)
- UXLINK (UXLINK) – $63 million (Upbit)
- Avantis (AVNT) – $59 million (Upbit)
- PumpBTC (PUMP) – $59 million (Bithumb)
- Humanity (H) – $41 million (Bithumb)
- Solana (SOL) – $23 million (Bithumb)
- Dogecoin (DOGE) – $19 million (Bithumb)
Looking at the results, it is particularly noteworthy that relatively new altcoins such as XPL, KAITO, and MIRA achieved a level of trading volume that could compete with established crypto assets such as XRP and Bitcoin.
*This is not investment advice.