XRP Dominates Upbit Trading with 16.69% Market Share Amid $25.97 Billion Volume Drop

According to recent data from CoinGecko, the Upbit exchange recorded a substantial trading volume of $25.97 billion over the past 24 hours, reflecting a decrease of 8.4% in trading activity. Notably, the XRP/KRW trading pair dominated, capturing 16.69% of the total volume and securing its position as the leading cryptocurrency in the South Korean market. The exchange’s overall performance highlights significant interest in digital assets, with other notable pairs including WCT, ETH, DOGE, and BTC, each contributing to the platform’s robust trading landscape. As investors closely monitor the fluctuations in trading volumes, Upbit continues to remain a pivotal player in the crypto ecosystem, illustrating the evolving dynamics of market participation and investor sentiment.