XRP Dominates Korean Trading Market with 18.62% Share Despite Upbit’s 22.4% Volume Drop

According to recent data from CoinGecko, the cryptocurrency exchange Upbit reported a trading volume of $8.08 billion in the last 24 hours, reflecting a notable decline of 22.4% compared to the previous day. The data highlights significant activity within the Korean crypto market, particularly with the XRP/KRW trading pair, which led the market with a commendable share of 18.62% of total trades. In addition to XRP, other major cryptocurrencies facilitating trades included BTC (Bitcoin), DOGE (Dogecoin), ME, and ENS (Ethereum Name Service). This downward trend in trading volume may prompt analysts to reassess market dynamics and investor sentiment in the Korean crypto landscape.