XRP Dominates Upbit Trading Volume, Accounting for 16.85% Despite 37.7% Decline

As of May 14th, recent data from CoinGecko highlights that Upbit, a leading cryptocurrency exchange, has experienced a significant trading volume of $2.845 billion over the past 24 hours. This figure represents a steep decline of 37.7% in trading activity. Notably, the XRP/KRW trading pair dominates this volume, constituting 16.85% of total trades and securing its position as the top pair in the South Korean market. Following XRP, the leading pairs include Ethereum (ETH), KAITO, Dogecoin (DOGE), and Bitcoin (BTC). This trading landscape reflects a dynamic shift in market trends, underscoring the importance of adaptability for investors navigating the ever-evolving cryptocurrency market.