Upbit

Crypto market researcher Dom (@traderview2) says he’s recognized what appears like a persistent, algorithmic XRP vendor on South Korea’s Upbit: one which, by his estimates, has offloaded roughly 3.3 billion XRP into the XRP/KRW order e book over the previous 10 months. If the evaluation holds, it reframes Upbit’s XRP circulation as a venue-specific phenomenon…

An independent market analyst who tracks on-chain order-flow data says South Korea’s Upbit exchange may now wield outsized influence over the spot price of XRP, the world’s fifth-largest crypto-asset by market capitalization. In a series of posts on X, the trader known as “Dom” (@traderview2) published a chart of cumulative-volume-delta (CVD) across eight venues that…