$830 Million in an Hour: XRP and TRUMP Drive New Record in South Korea

In Brief

• Upbit recorded 1.15 trillion won, roughly $830 million, in trading volume within a single hour on Saturday.
• The spike extends a two-day streak, after Upbit's daily volume already jumped 273% to $1.84 billion on August 21.
• XRP led the exchange's volume distribution with 32.20%, followed by TRUMP at 10.93% and USDT at 8.39%

South Korea’s Upbit recorded 1.15 trillion won, roughly $830 million, in trading volume within a single hour on Saturday, with XRP and TRUMP dominating the surge.

The spike extends a rebound that began the previous day, when Upbit’s daily volume already jumped 273%.

Upbit’s trading volume distribution over the past 24 hours was led by XRP at 32.20%. Source:

What Drove Upbit’s Record Hourly Volume

XRP led the charge by a wide margin. The token accounted for 32.20% of Upbit’s 24-hour trading volume, ranking first among all traded assets, according to Upbit Datalab.

TRUMP ranked second on the exchange, contributing 10.93% of total volume. USDT followed in third place with 8.39%, while Ethereum and Bitcoin rounded out the top five at 5.44% and 5.40%, respectively.

Upbit’s total 24-hour trading volume reached approximately $3.81 billion, while rival exchanges Bithumb and Coinone recorded $1.954 billion and $172 million, respectively.