South Korea's two largest cryptocurrency exchanges, Upbit and Bithumb, have reported a significant surge in altcoin trading volumes over the past 24 hours. Data shows that daily trading volume for several altcoins has exceeded $200 million, highlighting intense local market activity.
XRP and Moo Deng (MOODENG) emerged as the most traded assets, leading the market in demand from Korean investors. XRP recorded a trading volume of $210 million, while MOODENG followed closely with $178.7 million. Ethereum (ETH) also saw substantial activity with $134.6 million in volume, alongside Bitcoin (BTC) at $139 million and Tether (USDT) at $94.2 million.
The list of high-volume altcoins extends to over 20 assets, including Solana (SOL), Pudgy Penguins (PENGU), Dogecoin (DOGE), and newer projects like Sui (SUI) and Pieverse (PIEVERSE), all demonstrating notable trading interest on the Korean platforms.
Separately, data from tracking platform CoinGecko reveals a parallel trend in investor curiosity. Its list of the most searched altcoins in recent hours includes a mix of large-cap and smaller projects. Alongside giants like Bitcoin and Ethereum, searches spiked for assets such as Firo (FIRO), Monad (MON), Terra Luna Classic (LUNC), Zcash (ZEC), and memecoin Fartcoin (FARTCOIN). This indicates a broad spectrum of investor interest, from established Layer 1 blockchains to niche tokens.
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