South Korea is experiencing a surge in cryptocurrency activity, with 14 altcoins seeing explosive volume spikes on the country’s two largest exchanges, Upbit and Bithumb. With over 16.2 million South Koreans holding crypto accounts, it’s estimated that 32% of the entire population owns digital assets, surpassing the number of people who own stocks.
According to Chainalysis, South Korea has received over $722 billion in crypto value, making it the second-largest recipient after the United States. Crypto holdings in the country represent approximately 4.2% of the entire GDP.
The 14 Altcoins Seeing Explosive Volume Right Now
Here is the full list of tokens that saw major volume spikes across Upbit and Bithumb this weekend, ranked by combined exchange activity:
1. XRP – With Upbit recording $88 million in XRP volume and Bithumb adding $33 million, the total weekend volume reached $121 million. The most active trading pair on Upbit is XRP/KRW with $24 million in 24-hour volume.
2. Official Trump (TRUMP) – Surged 52% in 24 hours following the announcement of a second Mar-a-Lago gala for the top 297 token holders. Korean traders contributed to $88 million in volume on Upbit alone, with global spot volume reaching $1.4 billion.
3. Bitcoin (BTC) – As expected, Bitcoin saw heavy volume on Korean exchanges, showcasing its consistent popularity among traders.
4. Dkargo (DKA) – This micro-cap token surged over 28% in under 12 hours, pulling $82 million in volume. Built on Arbitrum’s Layer 3 infrastructure, DKA is worth keeping an eye on.
5. Ethereum (ETH) – Alongside Bitcoin, Ethereum maintained strong volume on both exchanges, reflecting its global momentum.
6. NEO – With a loyal Korean following, NEO is a regular feature in volume spikes on Korean exchanges.
7. Alpha (AQT) – This DeFi protocol garnered strong interest from Korean retail traders, indicating a rotation into DeFi-adjacent tokens.
8. Anoma – A privacy-focused blockchain protocol that caught the attention of Korean traders, hinting at early accumulation interest.
9. Dogecoin (DOGE) – A favorite among Korean traders, Dogecoin saw increased volume during the positive market sentiment.
10. Aethir (ATH) – A lesser-known token outside Korea that saw significant volume, showcasing Korean exchanges’ ability to surface micro-cap opportunities.
11. BitTorrent (BTT) – This Tron-ecosystem token has a history on Korean exchanges and was part of the weekend’s volume surge.
12. Contentos (COS) – A content-focused blockchain platform with a dedicated Korean following, COS is a common feature in Korean volume spikes.
13. Sahara AI – An AI-focused blockchain project that attracted early accumulation interest from Korean traders during a market downturn.
Trust with CoinPedia:
CoinPedia has been providing accurate cryptocurrency and blockchain updates since 2017. Our content is created by a team of expert analysts and journalists following strict Editorial Guidelines based on E-E-A-T. Every article is fact-checked against reputable sources for accuracy and reliability.
Investment Disclaimer:
The opinions and insights shared in this article represent the author’s views on current market conditions. It’s advisable to conduct your own research before making investment decisions.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site, marked clearly to distinguish them from our editorial content.