Upbit Reports $8.79 Billion in 24-Hour Trading Volume Led by XRP/KRW

The Korean virtual asset market experiences a significant recovery with explosive trading activity, particularly in XRP and emerging tokens like SAHARA and NEWT.

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Summary

As of July 24, Upbit reported a 24-hour trading volume exceeding $10.2 billion, marking a 94.5% increase. XRP saw a surge in trading, reaching $3.16, while the SAHARA token rose by 86%. The overall market is experiencing heightened activity, with investors showing strong interest in altcoins and a notable increase in coin listings across major exchanges.

Terms & Concepts
  • Upbit: A major cryptocurrency exchange based in South Korea, known for its high trading volume.
  • XRP: A digital asset and cryptocurrency associated with the Ripple network, popular for its use in cross-border payments.
  • SAHARA: A token associated with Sahara AI, an AI-native full-stack blockchain platform.