Recent data from CoinGecko reveals that XRP and DOGE have seen a significant increase in trading volumes on major South Korean exchanges. In particular, these two cryptocurrencies have accounted for up to 30% of trading volumes on Upbit, the largest exchange in the country, and nearly 20% on Bithumb in the past 24 hours. This surge in trading activity is higher than usual for these tokens, especially when compared to the more commonly traded bitcoin.
This spike in trading volumes suggests a short-term surge in demand for XRP and DOGE in South Korea. Investors and traders in the country seem to be showing a strong interest in these altcoins, possibly due to recent market trends or specific developments related to these cryptocurrencies.
