Upbit, one of the world’s largest cryptocurrency exchanges and the largest in South Korea, has experienced extraordinary trading volumes for several altcoins yesterday.
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Despite Bitcoin’s dominance in the global crypto market, it appears at the bottom of the trading volume chart, while other altcoins are seeing significant activity. The altcoin AUCTION led the charge with $758.46 million in trading volume, representing 28.47% of the total exchange volume.
It was followed by ORCA, with $423.04 million, making up 15.88% of the total. XRP continued to capture significant attention, recording $191.27 million in trading volume, or 7.18% of the overall total. Other notable altcoins included ZETA, with $143.82 million, and ZRO, with $140.80 million.
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Bitcoin, typically the most traded cryptocurrency, only accounted for $41.62 million, which is just 1.56% of the total volume on Upbit.
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Interestingly, XRP continues to see strong interest on South Korean exchanges. In another development, Bithumb, South Korea’s second-largest exchange, announced the listing of Across Protocol (ACX), a new altcoin that saw a notable increase in both trading volume and price, with its value climbing by about 10% on the same day.
Alexander Stefanov
