XRP Dominates Korean Market as Upbit Sees $14.5 Billion Trading Volume Drop

According to recent data from Coingecko, as reported by COINOTAG News on December 5th, the trading landscape on Upbit has experienced a notable shift. Over the past 24 hours, Upbit’s total trading volume has fallen to 14.5 billion USD, reflecting a significant decrease of 51.4%. This decline is indicative of changing market dynamics within the cryptocurrency sphere. Notably, the XRP/KRW trading pair has dominated the Korean won market, contributing 17.88% of the platform’s trading volume. Following XRP, other cryptocurrencies such as SAND (The Sandbox), DOGE (Dogecoin), TRX (TRON), BTC (Bitcoin), and ENS (Ethereum Name Service) also showcased notable trading activity, highlighting the varied interests among investors in the current market environment.