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Crypto Surge: XRP, TRUMP Lead $2.4B Upbit Trading

Coin WorldThursday, Feb 13, 2025 10:50 pm ET

1min read

In the past 24 hours, Upbit, a leading cryptocurrency exchange, witnessed significant trading activity, with a total trading volume of $2.43 billion. This figure represents a 24.6% decrease compared to the previous period. The top three trading pairs by volume were XRP/KRW, TRUMP/KRW, and USDT/KRW, accounting for 21.54%, 8.24%, and 7.66% of the total platform trading volume, respectively.

The XRP/KRW trading pair led the rankings with a trading volume of $524 million, demonstrating the strong interest in Ripple's XRP token among Korean investors. The TRUMP/KRW trading pair, with a trading volume of $200 million, also showed significant activity, indicating the growing popularity of the TRUMP token in the Korean market. The USDT/KRW trading pair, with a trading volume of $186 million, further solidified its position as a popular trading pair on the platform.

The high trading volumes of these three pairs suggest a strong appetite for these assets among Upbit's user base. The significant decrease in overall trading volume compared to the previous period may be attributed to market conditions or a temporary lull in trading activity. As the cryptocurrency market continues to evolve, it will be interesting to observe how these trends develop and whether other trading pairs can challenge the dominance of XRP, TRUMP, and USDT in the future.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.