According to CoinGecko data, Upbit recorded $2.862 billion in trading volume over the past 24 hours, marking a 37.6% decline. The top five tokens by trading volume are:
XRP
- Volume Share: 16.95%
- Trading Amount: $485 million
ETH
- Volume Share: 9.8%
- Trading Amount: $281 million
KAITO
- Volume Share: 7.72%
- Trading Amount: $221 million
DOGE
- Volume Share: 6.27%
- Trading Amount: $179 million
BTC
- Volume Share: 5.22%
- Trading Amount: $149 million
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Key Takeaways
- XRP dominates Upbit’s trading volume with nearly 17% share.
- ETH and KAITO show strong activity despite market downturns.
- Volume contraction (-37.6%) suggests cautious investor sentiment.
FAQ Section
Q: Why is XRP leading Upbit’s trading volume?
A: XRP’s high liquidity and frequent arbitrage opportunities drive its volume dominance on Korean exchanges like Upbit.
Q: What factors contributed to the 37.6% volume drop?
A: Possible reasons include reduced market volatility, regulatory news, or shifts in trader focus to other platforms.
Q: Is KAITO a stablecoin or a meme token?
A: KAITO is a trending meme token gaining traction in South Korea’s crypto community.
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Note: All data reflects 24-hour metrics as of May 14, 2025.
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