The South Korean cryptocurrency market has experienced remarkable activity in the last 24 hours. An analysis of data from the country’s two largest exchanges, Upbit and Bithumb, reveals a significant increase in trading volumes, particularly in certain altcoins.
Market Activity Beyond Major Cryptocurrencies
When the 24-hour spot market data from both exchanges are combined, it becomes clear that the volume increase is not limited to major cryptocurrencies. Gaming, NFTs, and next-generation layer-1/ecosystem projects are also prominent. Projects like Axie Infinity, Berachain, and Story, in particular, have seen a strong surge in demand in the Korean market.
Top Altcoins by Trading Volume on South Korean Exchanges
Here are the altcoins with the highest trading volume on South Korean cryptocurrency exchanges in the last 24 hours:
- AXS – $253.6 million
- BERA – $185.0 million
- IP – $163.0 million
- ME – $110.1 million
- USDE – $107.3 million
- XRP – $91.3 million
- USDT – $80.8 million
- SAND – $74.5 million
- BTC – $53.7 million
- ETH – $58.5 million
- MOVE – $44.2 million
Investor Interest in Volatile Assets
The data reveals that highly volatile assets such as Axie Infinity (AXS) and Berachain (BERA) are once again attracting speculative interest in the South Korean market.
*This is not investment advice.