Data from South Korea's two largest cryptocurrency exchanges, Upbit and Bithumb, reveals a remarkable surge in trading activity over the past 24 hours, with a particular concentration in specific altcoins. The data, compiled based on South Korean Won exchange rates, shows local investor interest is focused on both major cryptocurrencies and a select group of altcoins.
XRP has emerged as the dominant altcoin in the South Korean market, ranking high on both exchanges with approximately $117 million in trading volume. This places it ahead of Bitcoin (BTC), which recorded about $112 million, and Ethereum (ETH) with $88 million. Tether (USDT) followed closely with $87 million in volume.
The data indicates a resurgence of speculative interest in several altcoins. Movement (MOVE) saw approximately $48 million in trading, Solana (SOL) around $46 million, and Sui (SUI) about $22 million. Dogecoin (DOGE) also recorded $22 million in volume.
Notably, some projects are experiencing strong trading activity exclusive to a single exchange. On Upbit alone, Axelar (AXL) traded approximately $26 million, Somnia (SOMI) $24 million, and Aergo (AERGO) $23 million. On Bithumb, Humanity (H) saw $22 million in volume and Pieverse (PIEVERSE) $13 million.
Separately, cryptocurrency tracking platform CoinGecko released data on the most searched-for cryptocurrencies in the last 3 hours. The list, based on user search activity, shows investors are focusing on altcoins with notable price movements. FOLKS (FOLKS) and Midnight (NIGHT) particularly attracted attention due to their strong short-term performance. Other highly searched assets included Pudgy Penguins (PENGU), Monad (MON), Core (CORE), and established giants Bitcoin and Ethereum.
The combined data from South Korean exchanges and global search trends paints a picture of heightened altcoin activity, with local markets showing concentrated interest in specific tokens while global users search for both emerging and established projects.
SAUCE
HBAR
THETA
TFUEL
BTC
GEE
AAVE