XRP Leads Upbit KRW Trading as 24-Hour Volume Plummets 31.1% to $1.708B

COINOTAG News on August 22, citing CoinGecko data, reported that Upbit saw its 24-hour trading volume fall to $1.708 billion, a 31.1% decline versus the prior day. The decline reflects a measurable contraction in trading activity and market turnover on the exchange. The XRP/KRW pair constituted 14.64% of total volume, ranking first in the Korean won market, while the remainder of the top five by volume included ETH, API3, BTC and SOL. Market participants and analysts will monitor subsequent sessions for persistence of this volume trend and its implications for liquidity across KRW pairs.

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