XRP News Today: Altcoin Trading Volume Surges 100% in South Korea Led by XRP and Dogecoin

Generated by AI AgentCoin World
Monday, Jul 21, 2025 1:55 am ET2min read
Aime RobotAime Summary

- South Korea's Upbit and Bithumb saw altcoin trading volumes surge 100% in 24 hours, led by XRP ($905M) and Dogecoin ($602M).

- Altcoins outperformed Bitcoin ($186M) and Ethereum ($398M) as investors shifted focus to emerging tokens like Tezos and Ethena.

- The trend follows seed tag removals for tokens like BONK and PEPE, signaling growing market confidence in altcoin stability and potential.

- Increased diversification reflects South Korea's tech-savvy investor base embracing alternative cryptocurrencies beyond major coins.

South Korea's largest cryptocurrency exchanges, Upbit and Bithumb, have witnessed a significant increase in altcoin trading volume over the past 24 hours. The surge in volume for leading altcoins such as XRP,

Dogecoin
, and Tezos was particularly notable. When data from the two exchanges were combined, the total 24-hour trading volume of some altcoins reached hundreds of millions of dollars.

XRP led the pack with a trading volume of $905 million, followed by Dogecoin (DOGE) at $602 million and Tezos (XTZ) at $406 million. This surge is particularly striking as it outpaced the trading activity of more established cryptocurrencies such as

Bitcoin
and
Ethereum
, which were not among the top three in this recent ranking. Bitcoin had a trading volume of $186 million, while Ethereum had $398 million. Other altcoins that experienced a significant increase in trading volume include Ethena (ENA) at $171 million,
Nervos Network
(CKB) at $167 million, and Tokamak Network (TON) at $145 million.

The surge in trading volume for these altcoins can be attributed to several factors. Firstly, the increasing interest in alternative cryptocurrencies among South Korean investors has been a driving force. The region has a history of embracing new technologies and financial innovations, and this trend is evident in the growing popularity of altcoins. Secondly, the recent announcements and developments in the cryptocurrency space have likely contributed to the heightened trading activity. For instance, the removal of the seed tag for several altcoins by the world's largest cryptocurrency exchange has sparked interest and investment in these tokens. This move indicates a growing confidence in the potential of these altcoins, which may have encouraged more investors to participate in the market.

The removal of the seed tag for altcoins such as BONK, PEPE, PENGU, ETHFI, and EIGEN is a significant development. Tokens with seed tags are typically associated with higher volatility and risk, and their removal suggests that these altcoins have gained enough traction and stability to be considered more mainstream. This development is likely to attract more investors who are looking for opportunities in the altcoin market, further driving up the trading volume for these tokens.

The surge in trading volume for altcoins in South Korea also reflects the broader trend of diversification in the cryptocurrency market. Investors are increasingly looking beyond Bitcoin and Ethereum to explore other cryptocurrencies that offer unique features and potential for growth. This diversification is a positive sign for the overall health of the cryptocurrency market, as it indicates a more balanced and resilient ecosystem.

In conclusion, the surge in trading volume for altcoins in South Korea, with XRP and Dogecoin leading the way, highlights the growing interest and investment in alternative cryptocurrencies. The removal of the seed tag for several altcoins and the increasing diversification in the cryptocurrency market are key factors driving this trend. As the market continues to evolve, it will be interesting to see how these altcoins perform and whether they can maintain their momentum in the face of competition from more established cryptocurrencies.