XRP News Today: XRP Leads Upbit Trading Volume With 17.12% Share Despite 28.1% Market Drop

XRP, the cryptocurrency associated with Ripple, led trading activity on Upbit, one of Asia's largest cryptocurrency exchanges by spot volume, over the past 24 hours. The XRP/KRW pair recorded a trading volume of $549.76 million, capturing 17.12% of the platform’s total exchange volume. Despite a 28.1% drop in overall activity, Upbit registered a trading volume of $3.21 billion, with XRP contributing the largest share. This continued presence at the top spot indicates strong engagement among South Korean traders focused on KRW pairs. The exchange’s trust score stands at 8 out of 10, reflecting continued confidence in its trading environment.

Behind XRP, Pudgy Penguins (PENGU) ranked second in volume, trading at $0.0137 against the Korean won. The asset attracted $215.21 million, representing 7.84% of the total trades on the platform. Ethereum (ETH) posted higher volume than Bitcoin during the period, with the ETH/KRW pair logging $248.49 million in trades at a price of $3,091.45. Bitcoin (BTC), however, came in third in terms of trading volume. The BTC/KRW was sold at a price of $92,987.69 and a volume of $213.82 million. There was more activity in meme-inspired and mid-cap tokens in the session. Strike (STRIKE), at the price of $7.44, recorded the volume of $203.59 million. A meme-based token, BONK, had an average of $0.00004225 and led to a volume of $213 million, 6.62% of the whole market volume. Another asset called Dogecoin (DOGE) had a price of $0.1220 and $190.89 million worth of volume.

Newly listed tokens on Upbit include Ethena, Babylon, and Moo Deng. Ethena traded at $0.3527, Babylon at $0.5026, and Moo Deng at $0.1348. Each listing showed recent price movements and was marked with the “Recently” tag, indicating fresh activity within the exchange’s listing pool. The strongest gainers over the 24-hour period were CoW Protocol, which climbed 22.5%, followed by Ethereum Name Service, which rose 19.7%, and CYBER, which posted a 16.7% gain. Sei (SEI), priced at $0.3696, completed the top nine list, registering $85.93 million in volume. While total market activity on Upbit declined, XRP held its lead in trading volume, with meme coins gaining notable traction across Korean won pairs.

XRP's dominance in Upbit trading highlights the strong interest in the cryptocurrency among South Korean traders. The consistent volume of XRP trading, even during broader market pullbacks, suggests that traders are confident in the asset's potential. The presence of meme coins like BONK and DOGE in the top volume rankings indicates a growing interest in these assets, which have seen significant price movements in recent times. The new listings on Upbit, including Ethena, Babylon, and Moo Deng, also point to the exchange's efforts to diversify its offerings and attract new traders. The strong performance of top gainers like CoW Protocol and Ethereum Name Service further underscores the dynamic nature of the cryptocurrency market, where assets can experience significant price movements in short periods.