Key Highlights:
- INFINIT (IN) generated approximately $201.26 million in 24-hour volume on Bithumb, representing over 56% of the platform’s total activity.
- On Upbit, Ripple’s $XRP led trading volumes with $27.8 million, followed by Bubblemaps (BMT) at $17.2 million.
- CYBER also recorded significant turnover on Upbit, logging $10.7 million in trading volume over the same 24-hour period.
South Korean Crypto Exchanges Experience Significant Altcoin Trading Surges
South Korea’s cryptocurrency market has recorded intense trading activity over the past 24 hours, driven by heavy volume across selected altcoins on the nation’s two largest digital asset platforms, Upbit and Bithumb. South Korean retail investors are widely recognized for driving high-liquidity momentum events, and the latest exchange metrics highlight a sharp concentration of capital into specific utility tokens and established digital assets.
The most dramatic surge occurred on Bithumb, where the INFINIT (IN) token dominated market activity. Over a 24-hour window, INFINIT amassed a trading volume of approximately $201.26 million. This single asset’s turnover accounted for 56.09% of Bithumb’s entire platform trading volume, underscoring an extraordinary degree of focus by local market participants on the token.
Upbit Volume Leaders: XRP, Bubblemaps, and CYBER
Meanwhile, trading dynamics on Upbit—South Korea’s largest digital asset exchange by market share—demonstrated strong engagement across multiple alternative tokens. Leading the platform in trading turnover was $XRP, which registered $27.8 million in 24-hour transactions. The high volume highlights sustained local interest in the legacy token amid fluctuating global liquidity conditions.
Beyond $XRP, newer and specialized utility assets gained traction on Upbit. Bubblemaps (BMT) secured the second position among standout movers, generating $17.2 million in trading turnover within the 24-hour window. Close behind was CYBER, which logged an impressive $10.7 million in volume. Together, these figures reflect a diversified appetite among Upbit traders for both large-cap assets and trending altcoins.
Why This Matters
Trading patterns on South Korean exchanges such as Upbit and Bithumb often provide valuable insights into retail sentiment and local liquidity rotation. Because the South Korean market frequently trades with localized premiums and distinct retail preferences, disproportionate volume spikes—such as INFINIT capturing over half of Bithumb’s volume—can significantly impact an asset’s global liquidity profile and short-term price discovery. Tracking which tokens capture the focus of South Korean exchanges offers industry observers a direct look into where regional retail momentum is clustering.
Frequently Asked Questions
Which token saw the highest trading volume on Bithumb?
INFINIT (IN) recorded the highest trading activity on Bithumb, reaching roughly $201.26 million in 24 hours and making up 56.09% of the platform’s total trading volume.
What were the leading cryptocurrencies by volume on Upbit?
On Upbit, $XRP topped the charts with a 24-hour trading volume of $27.8 million, followed by Bubblemaps (BMT) with $17.2 million and CYBER with $10.7 million.
Why are trading volumes on Upbit and Bithumb closely watched?
Upbit and Bithumb represent the vast majority of cryptocurrency trading volume in South Korea. Spikes on these platforms often signal concentrated regional buying pressure and shifting trends among dynamic retail traders.
