$XRP Hits $1.2 Billion Daily Volume in South Korea, Surpassing
$BTC and
$ETH
South Korean traders pushed
$XRP to $1.2 billion in trading volume on May 12, making it the country's most-traded cryptocurrency.
Data from #UpBit shows 24-hour volumes of
$XRP and
$DOGE exceeded $250 million each, while
$BTC and
$ETH remained below $150 million.
$XRP has climbed over 15% in the past week, outpacing bitcoin's 10% gain during the same period.
$ETH has soared nearly 40% through May 12, marking its largest weekly gain since 2021.
A massive $1 billion short squeeze last week amplified the #bullmarket rally following reduced U.S.-China trade tensions.
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