Donald Trump’s re-election and his appointment of Elon Musk as head of the newly established Department of Government Efficiency (DOGE) has sent the price of Dogecoin (DOGE) soaring, while also increasing interest in Dogecoin.
At this point, there has been a huge boom in Dogecoin trading in South Korea since the first week of November.
In South Korea, XRP, apart from DOGE, also attracted great attention, with XRP and DOGE surpassing Bitcoin (BTC) in trading volume.
XRP and DOGE have experienced record price increases over the past two weeks, driven by factors such as positive U.S. regulatory changes for XRP and DOGE endorsements from figures like Elon Musk.
At this point, data shows that trading volumes for XRP and DOGE have significantly outpaced BTC on South Korean exchanges Upbit and Bithumb.
Over the past 24 hours, XRP and DOGE accounted for nearly 30% of trading volumes on Upbit, the country’s largest exchange, and almost 20% of trading volumes on Bithumb.
*This is not investment advice.