- South Korea’s leading digital asset exchanges, Upbit and Bithumb, witnessed notable surges in altcoin trading activity over a 24-hour window.
- XRP led overall combined turnover across the two platforms, generating roughly $64 million in aggregate volume.
- The Sandbox (SAND) and Quack AI (Q) followed closely behind, recording $58.7 million and $42.67 million in trading volumes, respectively.
South Korean Crypto Exchanges See Major Altcoin Volume Spikes
Trading activity across South Korea’s digital asset market intensified over the past 24 hours, driven by heavy retail and institutional turnover on the country’s two largest crypto exchanges, Upbit and Bithumb. Several prominent altcoins recorded remarkable market activity, highlighting ongoing demand within the regional market for alternative digital assets.
Among the wide array of tokens available on the South Korean platforms, five specific digital assets captured the bulk of the market’s focus. Market participants concentrated liquidity primarily into XRP, The Sandbox (SAND), Quack AI (Q), ETHGas (GWEI), and Gitcoin (GTC), cementing their positions as the most actively traded assets across the two bourses during the period.
Breakdown of 24-Hour Trading Volumes on Upbit and Bithumb
When consolidating the 24-hour trading volume statistics from both Upbit and Bithumb, XRP emerged at the top of the rankings. The asset accumulated approximately $64 million in combined transactions across both exchanges, leading all other competing tokens in domestic turnover.
The Sandbox (SAND) secured the second position by a narrow margin, registering an aggregate volume of $58.7 million. Following closely was Quack AI (Q), which generated $42.67 million in turnover between the two exchanges. Beyond the top three, notable transaction levels were also recorded for utility and governance tokens ETHGas (GWEI) and Gitcoin (GTC), underscoring a broad dispersion of speculative and strategic interest across distinct sectors of the crypto ecosystem.
Why This Matters
South Korea remains one of the world’s most dynamic cryptocurrency markets, where trading behaviors on platforms like Upbit and Bithumb frequently signal broader market trends. Heightened volumes on specific altcoins such as XRP, SAND, and emerging tokens point to strong domestic liquidity rotation, demonstrating how regional capital allocation can sustain significant trading momentum independent of broader macro trends.
Frequently Asked Questions
Which altcoins were the most traded on South Korean exchanges recently?
The most actively traded cryptocurrencies by South Korean market participants over the 24-hour period were XRP, The Sandbox (SAND), Quack AI (Q), ETHGas (GWEI), and Gitcoin (GTC).
How much trading volume did the top altcoins generate on Upbit and Bithumb?
Combined volume data from Upbit and Bithumb shows that XRP ranked first with approximately $64 million, The Sandbox (SAND) followed with $58.7 million, and Quack AI (Q) recorded $42.67 million in trading volume.
