Ripple: Is XRP Making Noise Because of Korean Investors?
Korea n investors have been accumulating XRP at a significant rate. Bitcoin is usually the top-traded crypto on native exchanges like Upbit , Korbit , and Bithumb . However, over the past day, the altcoin has given the king-coin tough competition, and in fact, also managed to dethrone it on one exchange. As shown below, the XRP/KRW pair has amassed the highest volume [31.4%] in the past 24 hours on Bithumb. On Upbit, the crypto commanded 10% of the total volume, while on Korbit, over 30% of trades executed were XRP related. Bithumb 24-hour trade volume | Source: CoinGecko With the help of Korean buying pressure, the overall daily trading volume has peaked and attained a new multi-month high. According to a recent tweet from Kaiko, this metric is currently at its highest level since September 2022. #XRP daily trade volumes hit their highest level since Sept 2022, driven by Korea n markets pic.twitter.com/Gn1SwGavvW — Kaiko (@KaikoData) March 31, 2023 Also Read: $135 M...