$830 Million in an Hour: XRP and TRUMP Drive New Record in South Korea
South Korea’s Upbit recorded 1.15 trillion received, roughly $830 million, in buying and selling quantity inside a single hour on Saturday, with XRP and TRUMP dominating the surge.
The spike extends a rebound that started the day prior to this, when Upbit’s every day quantity already jumped 273%.
What Drove Upbit’s Record Hourly Volume
XRP led the cost by a large margin. The token accounted for 32.20% of Upbit’s 24-hour buying and selling quantity, rating first amongst all traded belongings, according to Upbit Datalab.
TRUMP ranked second on the trade, contributing 10.93% of whole quantity. USDT adopted in third place with 8.39%, whereas Ethereum and Bitcoin rounded out the top five at 5.44% and 5.40%, respectively.
Upbit’s whole 24-hour buying and selling quantity reached roughly $3.81 billion, whereas rival exchanges Bithumb and Coinone recorded $1.954 billion and $172 million, respectively.
Saturday’s spike was not an remoted occasion. On August 21, Upbit’s every day quantity had already jumped 273% to roughly $1.84 billion, marking the trade’s highest every day quantity since mid-March.
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XRP topped that session too, contributing $418.9 million and rating forward of Bitcoin, USDT, and ETH. Bithumb recorded the same enhance that day, with quantity climbing 132.9% to about $934.9 million.
Why the Rebound Follows Months of Weaker Activity
That earlier rebound adopted months of weaker buying and selling, as South Korean traders favored home equities whereas the KOSPI climbed to file highs on AI-driven semiconductor demand. Upbit and Bithumb each reported declines in operating revenue of nearly 50% in the course of the first half of 2026.
XRP traded close to $1.44 on the time of writing, based on BeInCrypto data, up 2.1% over the previous 24 hours regardless of an intraday flash crash and up almost 50% over the previous week. The token’s rally adopted Ripple’s backing of a major XRP Ledger amendment, alongside sturdy ETF inflows.
That achieve stays optimistic regardless of a brutal 37% flash crash earlier in the day, which briefly pushed XRP as little as $1.36 earlier than it recovered, liquidating a whole lot of hundreds of thousands in leveraged positions alongside the way in which.
TRUMP held its good points extra cleanly. The token traded close to $2.34, up 26% in 24 hours and greater than 66% over the previous week. Its all-time low of $1.37 got here simply 9 days in the past, on August 13.
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Speculation around a Robinhood Chain launch has fueled renewed curiosity in the token, alongside a broader restoration throughout Solana-based meme belongings. Whether this two-day streak marks a long-lasting rotation again into crypto or one other short-lived wave, as seen repeatedly this 12 months, stays an open query for South Korean merchants.
The put up $830 Million in an Hour: XRP and TRUMP Drive New Record in South Korea appeared first on BeInCrypto.
